Oct 12, 2012

Leaked documents reveal full picture of HSU carnage

The remnants of the Health Services Union's collapsed East branch are being trawled by an administrator. Crikey can now exclusively reveal the full extent of the financial damage.

Andrew Crook — Former <em>Crikey</em> Senior Journalist

Andrew Crook

Former Crikey Senior Journalist

A cache of internal documents has laid bare the full financial catastrophe inside the remnants of the disgraced Health Services Union’s former East branch.

The summary of the true state of the HSU’s books, compiled by lawyers Slater & Gordon and accountants VJ Ryan & Co, and obtained by Crikey, shows that in the two-year period between the 2010 merger of the NSW, Victorian No. 1 and Victorian No. 3 branches and June 30 this year, over $7 million was wiped from the union’s asset base – from $8.7 million to just $1.6 million.

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25 thoughts on “Leaked documents reveal full picture of HSU carnage

  1. GeeWizz

    What staggers belief is that the members haven’t yet had legal representation to sue the proverbial off those who have been clearly ripping them off to fill their own pockets.

    As we can assume the Labor love-in friendly lawyer groups who couldn’t care less about union members aren’t going to help I think it’s time Lib aligned law agencies do some pro-bono work and get these people their money back. There are some scumbags who will go to the big house for this but members should get their money back first.

    I would also call for the entire union to be rolled up. The corruption runs to deep and even those pretending to be representing members now are just the same old Labor boys club we’ve come to know.

  2. Patriot

    If a corporation behaved the way these union gangsters and thugs do we’d never hear the end of it from the lefties. It’s hard not to reach the conclusion that today’s left is deeply concerned about the lot of shareholders but couldn’t give a stuff about workers. Bizarre.

  3. shepherdmarilyn

    Patriot, ever heard of AWB? SEcurency? Alan Bond, Christopher Skase?

  4. Patriot

    Sure, that’s exactly my point. You сrap on about those sort of things endlessly but look the other way when unions defraud their members. Bond, Skase, etc. burnt investors and creditors. The unions are taking from the lowest paid workers.

  5. Thteribl

    Manufacturing firms, construction companies, financial advisers, Banks, churches, airlines, trade unions, foreign aid “charities” … no double checks and honest audits and you can bet it is only a matter of time before some sticky paw gets into the money bucket. I can tell you lots of stories. The HSU is no particular cause for self-righteous indignation.

  6. Demas

    @Patriot: This is typical of the LIE_beral apologists. We of the so-called left totally condemn all corruption and lawlessness, but what we detest is the constant hypocritical cry of – the unions are ruining the country – when in actual fact it is Corporations/Banks that are ruining the lives of ordinary people/shareholders (some of whom have committed suicide when they lost all their money), as in the collapse of ‘STORM Finacial’ as well as ruining the economies of entire countries eg. Iceland. And what about all the companies that go broke and leave Super & other entitlements unpaid. Taxpayers pick up the tab.

    But the best example of this LIE_beral hypocrisy was when Frazer & Howard in 1980 set up the Costigan Royal Commission to enquire into criminal activities in the Painters and Dockers Union. With the intention of ruining the reputations of all Unions. — BUT surprise, surprise, its enquiries led away from union activities towards BIGGER CRIMES of “bottom of the harbour” tax evasion schemes. This involved the asset-stripping of companies to avoid tax liabilities and was facilitated by criminals among the Painters and Dockers but WAS ORCHESTRATED AND BENEFITTED SOME OF THE WEALTHIEST INDIVIDUALS IN THE COUNTRY. Remember GOANNA? He was reputed to be the then richest man in Australia. Which of the filthy rich were prosecuted? None? It was Malcolm Turnbull that defended the richest man in Australia then. (Google it you might learn something).

    What is really detestable is this constant cry about corruption in the Unions when these Union officials are just stupid rank amateurs. The real crooks are in the corporations where the money available to steal runs in the BILLIONS. ENRON & Madoff, Lehman Brothers, Goldman Sachs, come to mind. Apart from Madoff how many of those criminals have gone to jail or even prosecuted?

  7. Suzanne Blake

    The decline in Union membership in Australia will not stop and this makes it quicker.

  8. Hamis Hill

    “Borrow heavil-y against property assets” and then splurge the money away?
    Isn’t that what a notorious former leader of the NSW Liberals did on properties in Joe Hockey’s seat of North Sydney?
    Why is it different when a liberal does the same thing?
    Shouldn’t it be worse?
    I mean what do you expect from the Labor Right?
    Were they not all schooled in corruption,literall-y, in their special non-state schools?
    How could they know any better?
    But the Liberals are supposed to be paragons are they not?
    Is not the betrayal greater from those born to lead than when replicated by gutter snipe Labor rightists fighting to bring the system, stacked against them, down by hook or by crook? ( the inferiority complex a special gift of their exclusive, poor me, victim of sectarian bigotry education where criminality is taught as a form of revenge)

  9. Patriot

    Left-on-left catfight:

    “GREENS Leader Christine Milne accused Julia Gillard of hypocrisy over her accusations that Tony Abbott was a misogynist, after a derogatory Twitter attack against her by a Labor senator.

    Admitting the Greens had made a deliberate decision to stay out of the gender war between the government and the Coalition, Ms Milne admitted the PM undermined her own attack against Mr Abbott as being sexist last week by protecting Peter Slipper. And she warned the PM she would now be forced to stamp out sexism in her own party.”


  10. Doug

    You might want to note that Defined Benefits schemes are not ‘provided in lieu of superannuation’ they ARE superannuation, and were very common before the introduction of compulsory super under Keating.

    With the no disadvantage tests they continue to this day in things like the old (and now closed) Commonwealth Superannuation Scheme, Victorian Hospitals Superannuation and some Defence Schemes.

    So to describe it as ‘in lieu of’ is misleading. Even a quick Google throws up multiple defined benefit schemes.


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