OneOrThree
Herbert Moran (7)
Oh you big tease you......tell us more.Whispers nobody rejected the DOCA agreement
Oh you big tease you......tell us more.Whispers nobody rejected the DOCA agreement
I have very limited information,Oh you big tease you......tell us more.
Also half the fans will be international, as a travelling fan I'd rather a sports event in Richmond rather than Homebush or Brisbane.
Dunno bout Brisbane but hes fucking dead right about Richmond v Homebush. Homebush may as well be in Mordor.
I have very limited information,
25 creditors accepted $19mil of remuneration, $0 rejected. It’s carried
Means we live to keep fighting for survival, not out of the woods, but 1 step closerSorry for the dumb questions but what does this mean for the Rebels future/Tarniet proposal?
Does this mean that $19 mil is what the final debt number is?
This is the significant part - can't see the ATO being too keen, regardless of RA's likelihood of handing back the license.The Rebels consortium must jump two hurdles before it can retain control of the company: Rugby Australia handing back the licence for the Super Rugby competition, and the Australian Taxation Office releasing the directors from their personal liability over the club’s $11.5 million in tax debts.
Nah, they'll let the ATO be the bad guyThis just means it falls on Philly to announce next week they're pulling the plug on the Rebels.
The consortium has to sue RA and then ask for the licence back.This is the significant part - can't see the ATO being too keen, regardless of RA's likelihood of handing back the license.
The ATO could choose to enter into another payment plan, then it's up to Phil.Nah, they'll let the ATO be the bad guy
The obligations of the Directors and the Investor Group set out in item 11 are subject to and conditional on:
a) the ATO providing a release of the Directors in respect of the DPNs (DPN Condition); and
b) RA confirming in writing that the Participation Right remains, or the Court making a declaration that the Participation Right is, in full force and effect (Participation Condition).
One or both of the DPN Condition and the Participation Condition may be waived by the Deed Proponents in their absolute discretion.
Could, yes. I suppose it'll depend on their previous arrangements and confidence in receiving payment. I can't see them dropping the DPNs altogether though, which is what's being asked of them. Horrible precedent as @Rodzilla saysThe ATO could choose to enter into another payment plan, then it's up to Phil.