Banks supporting Unite Union – or do they?

Matt Mccarten’s Unite Union has finally filed their overdue accounts with the registrar…except they haven’t. I have engaged the Owl for a once over lightly so as to not impinge on his holiday with the kids.

There are serious questions as to whether or not Unite union should actually be a union given their poor adherence to the law. Their repeated failure to meet statutory requirements should preclude them from acting as a union. If I was McDonalds or Burger King or SkyCity I’d be applying to have them struck off the register.

Observation by the Owl

Unite Union has filed their 2011 and 2012 Accounts – seriously late and after some enormous pressure by all involved.

There is a loss which is then matched by a surplus. The Union is insolvent and should be closed down except there is a major issue with the accounts. They are not audited therefore there is zero qualification of its viability as a going concern.

There is a note to the accounts which says that the overdraft is secured by a private residency. (Note 4).

UNITE-security

Whaleoil has checked the property (pdf of title transactions) in question and can not seen any lien or caveat over the property. There is a mortgage to ASB Bank but that dates back to 2001. Furthermore the bank or financier for the security of the overdraft is not named in the accounts.

Observation by the Owl

Unite Union constitution states these accounts should be audited. Unless there is an auditors statement to verify this security on behalf of its members then there are more questions than answers.

If I was the property owner I would definately be making sure that 7,000 union members owe me if the union goes tits up.

The union is not meeting statutory requirements as required by law to maintain its status as a union. It is not alone in this regard. A proper investigations of unions is required.


Do you want ad-free access to our Daily Crossword?

Do you want access to daily Incite Politics Magazine articles?

Silver Subscriptions and above go in the draw to win a $500 prize to be drawn at the end of March

Not yet one of our awesome subscribers? Click Here and join us.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

38%