Wednesday, 15 July 2009

20 million reasons for an intervention

With the anti-Pokies Senator Nick Xenophon being the balance of power man for the Federal Labor Government it probably was not a good look to have the local ACT Branch of the Party continuing to be a major beneficiary of poker machine revenue.

Hence there was very general approval within the ranks of the Federal Party when the locals decided to sell their interest in the successful chain of licensed clubs that produce the dosh. In the kind of strange process that could only happen in the national capital the purchaser will be the ACT Branch of the CFMEU with settlement of a reported $20 million due shortly.

Not that the sale will finally ease the tensions which have often existed between the Federal headquarters of the ALP and the local branch which will end up with the money. On the contrary, the word is already out that federal intervention is being looked at with a dispute which saw the recent resignation of the ACT Labor Secretary a potential excuse for doing so.

Post a Comment