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AWU statement after its offices were raided by Federal Police today

What happened to the Kerr Street mortgage?

Tuesday, 24 October 2017

This extract for the TURC's AWU WRA report describes the settlement and finance of the Kerr Street property.

On 22 March 1993, Bruce Wilson as Ralph Blewitt’s attorney signed a transfer of the Kerr Street property as transferee.

On the same, day, 22 March 1993, Bruce Wilson signed as Ralph Blewitt’s attorney a mortgage of the Kerr Street property in favour of Jonathan Malcolm Rothfield. The amount advanced pursuant to the mortgage was $150,000 for three years. Interest was to be charged at a higher rate of 13.75% per annum and at a lower rate of 9.75% per annum, commencing on 22 March 1993.

Also on 22 March 1993 the Commonwealth Bank sent a fax to Slater & Gordon for the attention of Julia Gillard. The facts (sic) related to a certificate of currency for mortgage insurance.

The Mortgage document lodged at the Land Titles office records that on 17 September 1993 the mortgage was transferred to an entity called "Australian Housing Association Pty Ltd".

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Here's the Seal of that entity taken from the discharge of mortgage document lodged with Land Titles Victoria.

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The ACN 005 428 231 is recorded with ASIC as last being registered to a Victorian entity called NODCO.

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NODCO is the name used by Nicholas O'Donohue lawyers.

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And here is the complete mortgage file held by Nicholas O'Donohue lawyers.

 

 

O'Donohue Blewitt Mortgage File by Michael Smith on Scribd

 
Note O'Donohue's records the mortgage as commencing at 22 June 1993 - with 4 persons/couples providing the funds for the mortgage by 22 September 1993.
 
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A safe custody package records the Blewitt mortgage as being introduced on 11 June 1993.
 
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And this schedule records the receipt of interest payments - and the payor from whom the payment was received.
 
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Ralph Blewitt's Home Building Society Account statements appear to show the first two mortgage interest payments from his account by way of personal cheques.
 
18 June, 1993 - $3,656.25 credit by "DT" (would be obliged if you know what the code means).
25 June, 1993 - $3656.25  debit by "PCHQ" (personal cheque matches other entries for known personal cheques)
15 Sept, 1993 - same amount in by DT
22 Sept, 1993 - same amount paid out by personal cheque
 
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There is no corresponding withdrawal from the AWU Workplace Reform Association funds that match up with the payments into Blewitt's account - although the $50K cash withdrawal on 7 September may be a potential source.
 
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The source of the funds banked into Blewitt's Home Account has not been established.
 
Here's the Royal Commission.
 
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And this is the statement in which Wilson makes that allegation.
 
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More soon, including analysis of Bruce Wilson's other accounts and some possible sources of the mortgage payments.
 
 
 
 
 

Posted at 06:54 AM | | Comments (80)

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