Royalty payments not transparent, land council CEO and chair also head up mining company: Audit

Royalty payments not transparent, land council CEO and chair also head up mining company: Audit

by | Feb 21, 2024 | Business, News, Subscriber | 2 comments

The Anindilyakwa Land Council chief executive officer is also the CEO of a mining company, as well as the director of a mining logistics company that services the mine, both of which directly or indirectly received a total of $24 million in royalty money from the land council in one year, an independent audit found, raising conflict of interest concerns.

The Australian National Audit Office also found the CEO’s wife has a role in all three organisations, while the chair of the land council also has roles in all three, plus a directorship of a royalty distribution entity.

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2 Comments

  1. Australia doesn’t need an Aboriginal voice, the complex money laundering system needs truth & transparency.

  2. the complete royalty system need a good look at,Why does one family get all the royalties while the other family\s who have lived on the same land live in poverty because the first family happened to be the one picked out by the mining company’s.

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