Website for 2015

{Published 21 January 2015}

Attached letter to the Chair of the Joint Committee on Corporations and Financial Services.

Joint Committee 21 Jan 2015 -Chair

Senator Fawcett – The Jarret Question

PR 21 Jan 15

The Chairman of ASIC, Mr Greg Medcraft, has claimed that Australia is a ‘Paradise’ for white-collar criminals – a statement he was forced to retract by the Finance Minister and former Acting Assistant Treasurer, Senator the Hon Mathias Cormann.

Australia’s Worst White-Collar Crime is a very easy fraud to prove which only takes two documents and an Act of Parliament to prove.

The documents are:

(i) A consolidation Deed of Variation dated 6 May 1958 that was vetted by a Select Committee of the Legislative Council of South Australia

(ii) A purported Deed of Variation signed by the well known white-collar criminal Ken Jarrett

The Act of Parliament is the Elder Smith & Co Limited Provident Funds Act 1963 (SA).

The Fraud itself only affects a few thousand Australians, however the attempted cover-up by ASIC and other agencies affects 12 million adult Australians who are forced to be members of superannuation funds in a COMPUSORY superannuation system.

Therefore a website will be launched in early 2015 to educate all Australians as to how thousands of Australians have been defrauded out of over $1 Million of their retirement “nest eggs” and how easily it is for any member of a superannuation fund to be defrauded out of 80% or more of their retirement benefit.