Another dodgy union caught owing IRD

The Maritime Union is having to update their accounting records with the Societies Commission. It isn’t pretty reading

The 2005 Accounts shows a previously undisclosed provision for settlement with the IRD of $340,000.00

Questions:

Why is a settlement required?

What was it for?

What event happened in as $340,000.00 is a very substantial amount?

More to follow?.

Remember First Union hit with a $250,000.00 IRD audit bill as well.

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