Tom Shines
Well-known member
So nothing new there then ?
HBG, Independent Directors Sacked
- Thread starter BlackWhiteGold
- Start date
Tucker
Well-known member
Cool story.
Keep sooking about stuff that doesn’t matter though.
old_man_tiger
Well-known member
Magpies and Balmain are not WT. To me they are the same as dogs fans who show up every now and then. Tolerable if civil, delete the accounts if they dont shut up or troll. It's a Wests Tigers forum not a general NRL forum.
Tom Shines
Well-known member
I suggest you are the one sooking big boy …
If “none of this matters” why are you here in the middle of the offseason multiple times a day?
BAGNF05
Well-known member
Wise move.
There is no exemption from directors’ duties just because they are a club or non-profit. FACT.
lol - just google -- "Are directors of non profits subject to ASIC in Australia"
Anyway it's fine.
You don't have to write in.
But don't cloud fact with fiction.
My lawyer has already drafted the letter and it's been used.
To be honest it sounds like you're protecting HBG directors for some reason.
The Holman Barnes Group (Western Suburbs Leagues Club Limited), which has ABN 69 000 154 736, is a registered company with the Australian Securities and Investments Commission (ASIC),
ASIC Registration (Company): As a company, the Holman Barnes Group is required to be registered with ASIC under the Corporations Act 2001. You can find their company details (ACN 000 154 736) on the ASIC registers via the ABN Lookup website.
ASIC regulates all companies limited by guarantee, including non-profits like HBG’s entities.
ASIC states explicitly that directors of non-profit companies have “the same legal duties and responsibilities as directors of other companies” — including s180, s181, s182, s183 and s191.
Liquor & Gaming NSW regulates club operations, but it does not replace or diminish ASIC’s jurisdiction over directors’ duties, misuse of position, conflicts of interest, or governance decisions causing corporate harm.
ASIC action against non-profit directors is common. The duties are not narrower — they are exactly the same under the Corporations Act.
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weststigers
Well-known member
I don't know what to say other than he's frustrated and clutching. Gary was too polite to correct him.
ASIC can only intervene in very serious circumstances. Think trading while insolvent, fiduciary duties, fraud etc. Incompetence and infighting can't be investigated by ASIC...it's somewhat normal and expected that company infighting will occur between partners.
If we stop and think for a second, ASIC does not issue club licences...Liquor & Gaming does. They are the one responsible for regulating those licensees. Not ASIC.
Not sure what he's smoking, but it's obviously a strong batch.
Tucker
Well-known member
I’m not. I check to see what’s going on at night.
For a week and a half the crap being said on here has been very entertaining.
People carrying on like the world was ending.
I find it interesting.
weststigers
Well-known member
I didn't say they were exempt. I said their duties are narrower and they are regulated by a different body.
I didn't mean to upset you. I simply asked under what ground do you think ASIC can intervene over the top of Liquor & Gaming?
What law did they break?
Tom Shines
Well-known member
Nice …although shouldn’t you go somewhere else to talk about the millions displaced and dying in those wars … the stuff that matters ?
weststigers
Well-known member
Tucker
Well-known member
Why make light of that?
That’s such a strange argument.
BAGNF05
Well-known member
worlds not ending but in a rugby league sense, on a rugby league forum, our position as a club is unprecedented. So not something to be taken lightly in my humble opinion. Obviously others agree.
ASIC regulates all companies limited by guarantee, including non-profits like HBG’s entities.
ASIC states explicitly that directors of non-profit companies have “the same legal duties and responsibilities as directors of other companies” — including s180, s181, s182, s183 and s191.
Liquor & Gaming NSW regulates club operations, but it does not replace or diminish ASIC’s jurisdiction over directors’ duties, misuse of position, conflicts of interest, or governance decisions causing corporate harm.
ASIC action against non-profit directors is common. The duties are not narrower — they are exactly the same under the Corporations Act.
ASIC has real, serious powers if it finds a breach of directors’ duties — and these powers apply equally to companies limited by guarantee (like HBG’s clubs) as they do to for-profit companies.
What ASIC can do if they find a breach
Here’s the clean version:
✔ Disqualify HBG directors (ban from all boards)
✔ Impose civil penalties
✔ Order compensation
✔ Enforce governance reforms
✔ Appoint investigators/examiners
✔ Refer to Liquor & Gaming NSW
✔ Refer to NRL or Police where relevant
And they do use these powers — especially with clubs and charities.
Put It Away Denny
Member
That’s almost worth a poll, who would supporters prefer, HBG or The Door… It’s a real coin flip.
Tom Shines
Well-known member
it’s an argument you have put forward … I think I care about those things as much as you do ..
Tucker
Well-known member
Fair enough, but as others have said, wait and see what happens before jumping to the extreme negatives.
Winning games is what counts. The owners don’t matter. As long as the squad train hard and prepare well they’ll go alright this year despite all this stupid nonsense.
BAGNF05
Well-known member
Perth Bears.
Nah, HBG if they give us a vote.
Tucker
Well-known member
Clearly….lol
What ASIC can do if they find a breach
✔ Disqualify HBG directors (ban from all boards)
✔ Impose civil penalties
✔ Order compensation
✔ Enforce governance reforms
✔ Appoint investigators/examiners
✔ Refer to Liquor & Gaming NSW
✔ Refer to NRL or Police where relevant
And they do use these powers — especially with clubs and charities.
