Page 585 - Week 03 - Tuesday, 12 April 1994
Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .
To ensure that Mr Walker and the Victorian TAB were comfortable with the owners and Directors of VITAB Limited, I arranged at 1.00 pm the following afternoon for Mr Dan Kolomanski and Mr Con McMahon (both Directors and shareholders of VITAB Limited) to meet with Mr Walker. Discussions took place in respect of the establishment of VITAB Limited and the matters raised in Mr Walker's fax of the 17th August 1993. All the matters raised were individually discussed and answered satisfactorily.
Messrs Kolomanski and McMahon wished to be sure that the Victorian TAB would not object to the competition with the Victorian TAB's own Vanuatu operation. Mr Walker replied with words to the effect that the Victorian TAB did not see this competition as a problem and stated that his organisation would not act in such a way so as to disadvantage VITAB Limited in relation to competition with the Victorian TAB's Vanuatu betting office.
Messrs Kolomanski and McMahon raised with Mr Walker the possibility of other issues that he may have concerns about with VITAB Limited but he raised no difficulties and at the conclusion of the meeting I believed that there was no objection to the continuing pooling arrangements with the Victorian TAB which would include the bets that VITAB Limited would place into the pool via ACT/TAB.
In relation to VicTAB, there is a letter from Mr Walker to Mr Neck. He says in his letter that before he put this proposal to his board he would appreciate confirmation of a range of issues, and I will go through those as follows:
That VITAB Limited is licensed to operate a totalisator in Vanuatu ...
That the purpose of the service is to solicit investments from customers in countries other than Australia.
That ACTTAB will subject the operation to regular audits to ensure its probity and conformity to Commonwealth AUSTRAC legislation.
That ACTTAB would guarantee settlement of any funds due to VICTAB as a result of the operation of the service.
That the operation would not solicit investments from existing VICTAB customers.
In relation to the information requested, Mr Neck provided a response from VITAB in the following letter:
Please note, our solicitors -
he mentioned their name -
Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . . PDF . . . .