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Largest ever ‘evaporation’ of Indigenous money in Uluru resort deal

Outdoors dining outside the resort16 July 2015 Taxpayers “inexplicably” paid an “unjustified” $30 million when a Federal Government Indigenous body acquired Ayers Rock Resort in 2010, a letter to the Prime Minister alleges. The 38-page document from the Indigenous Land Corporation (ILC), signed by chairwoman Dr Dawn Casey, to Tony Abbott was obtained by the ABC under Freedom of Information (FOI) laws. The previous owner GPT originally offered the resort to the ILC for $270 million in 2009, but the sale price was revised upwards by $30 million in 2010.
All together more than $100 million tax payer money ‘evaporated’, as was also detailed in Wake Up Time in June 2014. Dr Casey says that this is “perhaps the largest single evaporation of public money in the Indigenous policy domain, ever”.
Dr Casey has been advocating for an independent investigation into the purchase, but Indigenous Affairs Minister Nigel Scullion and Finance Minister Mathias Cormann have said they do not believe another inquiry is needed.
Comment by Wake Up Time: This scandal was revealed in Wake Up Time in June 2014. It is a shame that this problem is still not thoroughly investigated, as it should. The facts are very clear: the Resort should never have been bought under the current conditions.

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