This morning the Power Wireless interviewed the officer who has been appointed to oversee the bankruptcy of Michael Williamson and to find how much money can be retrieved from his estate and assets. Some of interesting details are in this story.
Michael Jones, a veteran in the bankruptcy field, with more than 30 years experience, said he may consider seeking Commonwealth funding to ensure “a full and thorough” investigation is conducted into the former Health Services Union boss.
Such funding would help the trustee dig deeply into Williamson’s private companies and bank records, and those of associates such as former mistress Cheryl McMillan. It could lead to Williamson and other witnesses being called to give testimony in the Federal Court to detail how money rorted from the HSU was spent and distributed.
Jones has been on the job for a week but has yet to meet the committee of the union, despite several phone calls from him, although he said it is normal in this situation for people to beat a path to his door to facilitate the process of getting their money back.
Cynics might suspect that the committee members would be happy to see the episode blow over without further investigation, just on the off chance that some of them might have awkward questions to answer. The same would apply to all the Williamson family members and their wives and lovers and in-laws who seemed to do quite well out of the Williamson fiefdom.
Some rank and file union members phoned in, they desperately want to know the whole truth, not that they expect to get any of their money back.
If the union cannot come up with the funds required to conduct the investigation (given only $40K of Williamson asssets are visible), Wilson will make an application to the the Feds and Attorney General Brandis will have to make a call about providing assistance. There are guidelines and there are precedents, like the Skase case a few years ago.
It seems that Michael Jones was appointed by Williamson himself. He said on air that he was really pleased to get the gig because it is suych an interesting case and he really wants to get to the bottom of it. The union is likely to be less enthusiastic, and it is a bit of a worry to read that they can veto the appointment and engage their own trustee.
Mr Jones’ comments come as sources indicated the HSU is considering whether to veto his appointment, which was made by Williamson last week. As the major creditor, the HSU has the right to appoint its own trustee.