SEP20-07

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Monitor The

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Your Community Newspaper ~ Roxby Downs

www.themonitor.com.au

Phone (08) 8671 2683

Fax (08) 8671 2843

Volume 4, Thursday 20th September, 2007

LOOP HOLES MUST CLOSE

Four states are pushing for an overhaul of the federal corporations law governing the appointment of company office-bearers. This follows concern that a convicted drug dealer, Antoine Bechara aged 38, was made a director and company secretary of Adelaide based Unique Loans Pty Ltd on July 9th 2003 whilst he was serving a home detention order. Bechara was also company secretary of Koala Telecom, an internet service providing company operated by Unique Global Enterprises Pty Ltd whose CEO was Tom Knight. Another of Mr Knight’s companies, Unique Accommodation Pty Ltd is planning to build a two storey village accommodation project in Andamooka. Antoine Bechara was convicted of heroin supply in 2001 in a Perth court and sentenced to a non parole period of six years imprisonment. Records from the Western Australian government show that it spent $1,491 on May the 29th 2002 to extradite Bechara back to Adelaide. Both Tom Knight and Antoine Bechara were named in Supreme Court of South Australia documents relating to a civil case involving Koala Telecom on March 16th this year. The hearing involved an application for confirmation of an injunction pursuant to 6SCR 246 of the Supreme Court Civil

Rules 2006. United Technology Solutions, one of a group of companies of which Unique Global Enterprises Pty Ltd was the head company, owned Koala Telecom. According to the judgment of Mr Justice Layton both Tom Knight and Antoine Bechara were involved with Unique Global Enterprises Pty Ltd. Koala Telecom was placed under administration in August. Mr Knight told The Monitor he no longer has an interest in Koala Telecom, selling it to a Melbourne based company. South Australia’s Attorney General Michael Atkinson has joined with his counterparts from New South Wales, Queensland and Western Australia calling for reform of the law. According to the Australian Securities and Investment Commission a conviction on drug offences was not necessarily an impediment to serving as a company office holder under the current law. Grounds for disqualification are limited to jail terms of 12 months or more for dishonesty charges or breaking the law of a foreign country and of course bankruptcy. The four state governments have urged the federal government to be vigilant on loopholes in corporations law and to close them. Andamooka Development Page 4

Above: Work continues on the deep drainage pit alongside Olympic Way to provide services to the new B Subdivision currently under construction.

Public display of Woma Pythons, tomorrow night, 7.00pm. For more information see the story on Page 4.

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SEP20-07 by The Monitor Inc - Issuu