The ALP is full of ratbags, union ratbags, dodgy ratbags but all ratbags nonetheless. A little law change here, another there, some bribes and rots over there, and their mates score over $1 billion in windfall profits.
Former resources minister Ian Macdonald introduced legislation which overruled the highest court in NSW and resulted in a $1 billion windfall to two mining executives who have been under the scrutiny of the Independent Commission against Corruption.
Travers Duncan and Brian Flannery had owned the Moolarben coalmine near Mudgee for more than 30 years. But it was not until the Labor government intervened that it made a big profit.
The NSW Court of Appeal had ruled they could not mine at Moolarben because the lease encroached on a lease held by mining giant Xstrata.
But after the court decided, in August 2008, they could not mine at Moolarben Mr Macdonald stepped in to champion Mr Duncan and Mr Flannery’s cause.