Mr Richard Morath appeared as a witness before the Senate Economics Reference Committee on 6 March 2015 in his capacity of Chairman, Advice and Licenses Board, which has a compliance mandate within NAB according to testimony given by Mr Morath.
The following letters were sent to Richard Morath in his capacity as Chairman of Plum Financial Services Ltd, before the MLC subsidiary company gained control of the Trust Estate of the occupational pension trust established on the 23 December 1913. The subsidiary company, PFS Nominees Pty Ltd, gained control of the Trust Estate in Breach of Trust on the 20 January 2014.
These letters related to dishonest and criminal conduct by “responsible persons’ then administering the fund.
Plum Financial Services Ltd had been engaged from 1 July 2006 to provide Fund Administration Services. The previous purported corporate Trustee CCSL Limited had engaged Plum Financial Services Ltd after it had gained control of the fund on 3 April 2006.