Merry Christmas to Peter Wilson. When it was suggested that Peter Wilson should be independent of the old board so that we can have a fresh start Peter responded with "That's your issue". Summary of the meeting here: viewtopic.php?f=23&t=594
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Just recieved the 202B !!! So much money!

A weekly round up of the issues and progress
theands
Posts: 5
Joined: Mon Jun 19, 2017 3:17 pm

Just recieved the 202B !!! So much money!

Post by theands » Fri Jun 30, 2017 4:21 pm

This Is ridiculous pay!!!! Spill the board!!!! Quickly save our Fees!!!!!

Time4Change
Posts: 104
Joined: Mon Jun 05, 2017 2:20 pm

Re: Just recieved the 202B !!! So much money!

Post by Time4Change » Fri Jun 30, 2017 4:26 pm

To Spill the board we need the numbers as no one know how many voting members we have. Last update I heard we were close to 1,100 signatures, we still have a long way to go. We need to share the spill motion with more members. It is surely a waste of money to benefit them.

ConcernedCPA
Posts: 21
Joined: Mon May 01, 2017 12:33 pm

Re: Just recieved the 202B !!! So much money!

Post by ConcernedCPA » Fri Jun 30, 2017 4:31 pm

And the 202B was audited a month ago ... why the delay in issuing it to members?

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Stomper
Posts: 203
Joined: Tue May 02, 2017 9:55 am
Location: Sydney, NSW, Australia

Re: Just recieved the 202B !!! So much money!

Post by Stomper » Fri Jun 30, 2017 4:33 pm

Astonishing..............

202b restated.JPG
202b restated.JPG (100.71 KiB) Viewed 3864 times


CPA pigs.png
CPA pigs.png (56.99 KiB) Viewed 3864 times

Member@4306
Posts: 1
Joined: Wed Jun 28, 2017 1:58 pm

Re: Just recieved the 202B !!! So much money!

Post by Member@4306 » Fri Jun 30, 2017 4:42 pm

Would be very interested to see what needed to be done to received bonus payments ($16k to $207k) and post employment benefits payments ($15k to $35k).

chuck_meister
Posts: 96
Joined: Fri Mar 31, 2017 8:58 am

Re: Just recieved the 202B !!! So much money!

Post by chuck_meister » Fri Jun 30, 2017 4:53 pm

Ouch! Another $1.28M paid out to foreign directors...

JWheldon
Posts: 327
Joined: Wed May 24, 2017 6:43 pm

Re: Just recieved the 202B !!! So much money!

Post by JWheldon » Fri Jun 30, 2017 4:56 pm

The post employment payments are the superannuation contributions.

Alex Malley advised in his recent 2GB interview that he received a bonus in each of the previous 7 years.

So if Jeff and Adam and other management staff all received bonus payments in 2016, then it would be assumed that they all got bonus payments in each of the previous 7 years.

Isn't it great to see that each year our fees went up, that they paid themselves all bonus payments. Such great management....NO.

This looks like a breach of the CPA Constitution?

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The Nude CPA
Posts: 254
Joined: Sat May 06, 2017 4:21 pm

Re: Just recieved the 202B !!! So much money!

Post by The Nude CPA » Fri Jun 30, 2017 6:10 pm

$330k (plus juicy bonuses) for the country head of China is an interesting one... I wonder how that would compare with market rates.

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Stomper
Posts: 203
Joined: Tue May 02, 2017 9:55 am
Location: Sydney, NSW, Australia

Re: Just recieved the 202B !!! So much money!

Post by Stomper » Fri Jun 30, 2017 6:29 pm

$320k for a Deputy CFO!!!

It just gets better and better......

michaelk
Posts: 20
Joined: Mon Jun 05, 2017 8:34 am

Re: Just recieved the 202B !!! So much money!

Post by michaelk » Fri Jun 30, 2017 6:41 pm

The amount of money is just staggering. I can compare that to ASX50 companies, managing far more risk, being paid less than these leeches. This is just jaw dropping.

User avatar
Stomper
Posts: 203
Joined: Tue May 02, 2017 9:55 am
Location: Sydney, NSW, Australia

Re: Just recieved the 202B !!! So much money!

Post by Stomper » Fri Jun 30, 2017 6:54 pm

$400k for an Executive General Manager Education........ Education is OUTSOURCED!!!!

This is just MINDBLOWING!!!!!

Beancounter
Posts: 14
Joined: Thu Mar 30, 2017 4:44 pm

Re: Just recieved the 202B !!! So much money!

Post by Beancounter » Fri Jun 30, 2017 8:19 pm

if you ever wondered why 10% of the worlds population control 95% of the worlds wealth

well now you know why

because we let them.

Dave
Posts: 26
Joined: Wed Jun 21, 2017 1:33 pm

Re: Just recieved the 202B !!! So much money!

Post by Dave » Sat Jul 01, 2017 11:35 am

Hi All,

So the KMP remuneration of $5.5 million disclosed just two months ago is now $ 6.8 million.

That is an error of more than 20%.

As most subsidiaries were pre-existing in 2016 that means the disclosures in the prior years audited financial statements are wrong as well as they have not picked up all the relevant individuals who should have been in the KMP disclosure.

This is not an issue of incorrect disclosure for the current year only.

How is that this continues to be missed for multiple years by all the reviewers which includes the Board and auditor.

Given the errors in the segment note and these errors in remuneration should the audited financial statements for 2016 be reissued?

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nakedadmin
Site Admin
Posts: 653
Joined: Thu Mar 23, 2017 4:38 pm
Location: Iceland

Re: Just recieved the 202B !!! So much money!

Post by nakedadmin » Sat Jul 01, 2017 10:48 pm

Rather than give us one s202B with all companies on it they have given us one for Australian companies and one for Foreign companies.

However, the audit wording and basis of preparation is different on this latest one. They are supposed to disclose all payments to Directors irrespective of whether the payment is made in the capacity of Director or any other capacity. They seem to have got that right on this one. They did not get it right on the previous one and they are not reissuing it.

So there is a real possibility that there were payments to the Directors of the Australian companies that were made in some other capacity like consultant and that these payments have not been disclosed.

Why is it so hard to get CPAA to comply with the law. Simply issue one s202B disclosure with all the required information and have it audited as per the requirements of s202B not some other basis of preparation.
The Naked Webmaster

DazzaG
Posts: 11
Joined: Fri Jun 02, 2017 2:40 pm

Re: Just recieved the 202B !!! So much money!

Post by DazzaG » Sat Jul 01, 2017 11:31 pm

I wonder how much of the $800k technology costs and $550k professional fees in CPA Advise went to friendlies?

KYeoward
Posts: 1
Joined: Sat Jul 01, 2017 5:14 pm

Re: Just recieved the 202B !!! So much money!

Post by KYeoward » Sun Jul 02, 2017 5:13 pm

Phoa !!! What the *#& is going on ? There m u s t be a spill of all Board positions and an Extraordinary GM.

deaneus
Posts: 188
Joined: Mon Apr 03, 2017 9:09 pm

Re: Just recieved the 202B !!! So much money!

Post by deaneus » Sun Jul 02, 2017 7:13 pm

Stomper wrote:
Fri Jun 30, 2017 6:29 pm
$320k for a Deputy CFO!!!

It just gets better and better......
Shook my head at this one

User avatar
The Nude CPA
Posts: 254
Joined: Sat May 06, 2017 4:21 pm

Re: Just recieved the 202B !!! So much money!

Post by The Nude CPA » Sun Jul 02, 2017 7:33 pm

deaneus wrote:
Sun Jul 02, 2017 7:13 pm
Stomper wrote:
Fri Jun 30, 2017 6:29 pm
$320k for a Deputy CFO!!!

It just gets better and better......
Shook my head at this one
Who is the CFO?

User avatar
Stomper
Posts: 203
Joined: Tue May 02, 2017 9:55 am
Location: Sydney, NSW, Australia

Re: Just recieved the 202B !!! So much money!

Post by Stomper » Sun Jul 02, 2017 8:10 pm

The Nude CPA wrote:
Sun Jul 02, 2017 7:33 pm
deaneus wrote:
Sun Jul 02, 2017 7:13 pm
Stomper wrote:
Fri Jun 30, 2017 6:29 pm
$320k for a Deputy CFO!!!

It just gets better and better......
Shook my head at this one
Who is the CFO?
Mr journeyman?

https://www.linkedin.com/in/adam-awty-61979712

User avatar
The Nude CPA
Posts: 254
Joined: Sat May 06, 2017 4:21 pm

Re: Just recieved the 202B !!! So much money!

Post by The Nude CPA » Sun Jul 02, 2017 11:07 pm

Stomper wrote:
Sun Jul 02, 2017 8:10 pm
The Nude CPA wrote:
Sun Jul 02, 2017 7:33 pm
deaneus wrote:
Sun Jul 02, 2017 7:13 pm


Shook my head at this one
Who is the CFO?
Mr journeyman?

https://www.linkedin.com/in/adam-awty-61979712
He deserves a massive pay rise given his multiple roles! :lol:

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