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• Comment Link Saturday, 18 January 2025 19:10 posted by riches777

  Australia's richest person Gina Rinehart has addressed a
  summit where she urged economic gains from regional areas be returned to communities and net
  zero ambitions abandoned for farmers.
  
  At the same time on Monday, a court heard the mining magnate devised an 'egregious' scheme to defraud her children, of billions of dollars in iron ore riches.
  
  
  During Mrs Rinehart's keynote speech at the Bush Summit event in Perth, she said a commitment from government to channel funds back to the regions
  could see medical facilities and infrastructure upgraded.
  
  
  'Frankly, we should have the best equipped and most luxurious hospitals in Newman, Tom
  Price Dampier, Cape Lambert, Port Hedland and other mining towns thanks to the revenue we create in the Pilbara, and
  similarly, in other mining areas,' she said.
  
  'Ditto, see 24 hour, 365 days a year airstrips so the better equipped and fastest Royal Flying Doctor planes
  can always arrive.
  
  
  
  
  Australia's richest person Gina Rinehart has
  addressed a summit where she urged economic gains from regional areas be returned to communities and net zero ambitions abandoned for farmers
  
  
  
  
  
  At the same time on Monday, a court heard the mining magnate devised an 'egregious' scheme
  to defraud her children (Bianca Rinehart is pictured), of billions of dollars in iron ore riches
  
  'Us and our people in the outback would then be more safe.'
  
  Mrs Rinehart advocated for special economic zones to be created,
  along with tax cuts for those working in northern Australia.
  
  
  She said limits on work hours for pensioners and veterans before government payments
  are cut off should also be removed, in order for more jobs to be filled in regional areas.
  
  
  'Just imagine the smiles when we can finally
  fill those jobs in the bush and see hospitals and health centre
  hours and effectiveness improved.
  
  'If we could cut some of the paperwork and the regulations here, we would find
  a lot of Aussies who would actually like to
  work very much as well, they're just restricted by government.'
  
  Mrs Rinehart said the mining industry would be able to afford the transition to net zero but other sectors, including agriculture
  would face a tougher time meeting requirements.
  
  She called on the federal government to meet the costs involved or
  waive it altogether.
  
  'They want to implement the net zero.
  
  'Otherwise, most farmers and others in agriculture, you know, be it the
  orchardists and others, cannot afford net
  zero.'
  
  Farmers would have to leave the industry and Aussies would see huge
  price increases for food, along with fresh food shortages, Mrs Rinehart warned.
  
  
  She also reiterated support for nuclear energy to be implemented in the country.
  
  
  'Let's not upset many farmers with bird killing wind generators and massive solar
  panel stretches and bring on clean safe nuclear energy.'
  
  Meanwhile, a bitter legal battle over her fortune played out across town. 
  
  
  
  
  Bianca Rinehart is battling her mother for billions of dollars in mining royalties
  in the WA Supreme Court
  
  The WA Supreme Court heard the reclusive billionaire also allegedly tried to have her
  father Lang Hancock's wife Rose Porteous deported, and racially abused her amid fears she would inherit shares in Hancock Prospecting.
  
  
  A lawyer for Mrs Rinehart's children, Christopher Withers SC, said there was
  clear evidence mining licences were unlawfully transferred to the
  company and a subsidiary against her father's wishes after he died in 1992.
  
  
  'We don't use the word fraud lightly,' he told the Supreme Court trial on Monday.
  
  
  Mr Withers accused Mrs Rinehart of devising a multi-step scheme to move Hope Downs and East Angeles tenements, including the 'Roy Hill diversion',
  to avoid accruing capital gains tax or stamp duty liability.
  
  
  'We say the evidence that fraud was perpetuated by Gina on her children is overwhelming,' he
  said, referring to a long-running family feud that is also in arbitration in the
  Federal Court.
  
  He said Lang Hancock wanted his grandchildren to benefit
  from the assets via trusts, including John Hancock and Bianca Rinehart,
  who made an unexpected appearance at court.
  
  Under a 1988 agreement penned by Lang Hancock, his grandchildren were to be the
  principal benefactors of his efforts to develop an iron ore mine at Hope Downs and 49 per cent shareholders in Hancock Prospecting.
  
  
  'Lang was simply not prepared to give Gina everything she wanted,
  which was everything,' Mr Withers said.
  
  Mr Withers said Mrs Rinehart 'deliberately destroyed' the arrangement after Lang Hancock died through a series of transactions that
  increased her shareholding at the expense of her
  children.
  
  'The events after Lang died constitute an egregious fraud orchestrated by Gina
  and carried out by people who did whatever Gina wanted without questioning,
  ' he said.
  
  He said the actions were 'covered up' with a 'false narrative to her children and the public generally that (Hancock Prospecting's) and her personal
  success was simply a product of hard work rather than dishonesty'.
  
  
  'The truth is Lang discovered the mining areas in the Pilbara.
  He was the driving force behind the decision to start a mine,' he said.
  
  
  
  
  
  The court also heard about the multiple disputes Mrs Rinehart allegedly had
  with her father in the 1980s, including after he married his housekeeper
  Rose Porteous and she allegedly contacted the immigration department in a bid to have her
  stepmother deported to the Philippines
  
  Mr Withers said Mrs Rinehart lied to her children about her actions
  and threatened John Hancock and his lawyers when they
  attempted to investigate the matter.
  
  The court also heard about the multiple disputes
  Mrs Rinehart allegedly had with her father in the 1980s, including after he married his housekeeper Rose Porteous and she
  allegedly contacted the immigration department in a bid to have
  her stepmother deported to the Philippines.
  
  '(Lang Hancock) removed her as a director of (Hancock Prospecting) because
  she was saying very unfortunate things ...
  for example calling (Mrs Porteous) an oriental concubine,' Mr Withers said.
  
  
  'She (also) repeatedly called Rose a prostitute.'
  
  Mrs Rinehart also allegedly had a 'major rift' with
  her father after she took her mother's will to
  the US to hold up probate amid fears her father would leave Mrs Porteous mining assets in his will.
  
  
  The claims were made in a high-stakes legal stoush in Perth in which Mrs
  Rinehart's company and her children are defending the claims of
  Wright Prospecting and DFD Rhodes, with Bianca Rinehart in court on Monday listening to
  her barrister.
  
  Wright Prospecting is suing for a share of some Hope Downs
  tenements and royalties amid a claim that it never relinquished the
  assets and Hancock Prospecting has breached a series of
  partnership agreements.
  
  The family company of the late prospector Don Rhodes, DFD Rhodes, says it is entitled to 1.25
  per cent royalty share of the Hope Downs production following 1960s deal.
  
  
  Mr Withers made repeated calls for Mrs Rinehart to front the court, saying she is
  one of the few people still alive who could
  provide evidence about many of the issues raised in the trial.
  
  
  The Hope Downs mining complex near Newman is one of Australia's largest
  and most successful iron ore projects, comprising four
  open-pit mines.
  
  
  Perth
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