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Hackett to sue over botched pre-nups

Written By Unknown on Minggu, 30 Desember 2012 | 23.08

Candice Alley and Grant Hackett ended their five-year marriage in May. Picture: Richard Dobson Source: The Daily Telegraph

EXCLUSIVE: FALLEN swim star Grant Hackett claims a botched pre-nuptial agreement with pop star wife Candice Alley has left him with financial losses.

Hackett, 32, has launched Supreme Court legal action against his former solicitors, the Brisbane-based Mullins Lawyers.

Court documents allege Hackett employed them on retainer between 2006 and 2009.

Olympians life turned upside down

Gallery: Hackett and Alley call it a day

He says he asked them to draft a financial agreement, which was executed in March 2007, less than a month before his lavish wedding to Alley in Albert Park.

HAPPIER TIMES: Grant Hackett and Candice Alley with their twins Jagger and Charlize. Picture: Erinna Giblin

Financial agreements are Australia's version of a pre-nuptial agreement but can also be made during the marriage or after separation.

Hackett's personal fortune is understood to be about $8 million.

In court documents, Hackett says the agreement was amended in May 2009. The couple's twins, Jagger and Charlize, were born in September that year.

The statement of claim alleges the 2007 financial agreement was drafted in a way that did not comply with legal requirements.

It further claims that Mullins Lawyers failed to take the opportunity to fix the problem when changes were made to the agreement in 2009 and did not tell Hackett there was any "defect".

Grant Hackett trashed the couple's Southbank apartment in October, 2011. Picture: SUPPLIED

Hackett accuses the lawyers of neglecting or failing to perform their services with due care because they didn't ensure the agreement was "effective, operative and enforceable".

He says he was never told each party was required to have independent legal advice in order for the 2009 changes to comply with law.

"As a result of the breaches ... the Plaintiff has suffered loss including legal costs," court documents say. "The Plaintiff's loss is continuing."

The statement of claim alleges Hackett will continue to suffer loss because of Mullins Lawyers' negligence and asks for damages.

A spokesperson for Mullins Lawyers said yesterday they did not want to comment on the case.

Grant Hackett tearfully told 60 Minutes he wanted to end his marriage the night he trashed his Southbank apartment. Picture: Channel 9

Hackett did not respond to calls.

Hackett's marriage came to a dramatic end in May when the former swim star drunkenly trashed his Melbourne city apartment.

A piano was up-ended, a door smashed and furniture strewn across the home in what Hackett tearfully told 60 Minutes was an attempt to end the five-year marriage.

katie.bice@news.com.au


23.08 | 0 komentar | Read More

Greig was with family in final hours

Tony Greig pictured with his family on Christmas Day 2012. Picture: Channel9 via Twitter Source: Supplied

Tributes have flowed following the passing of cricket legend Tony Greig.

Tributes have flowed following the passing of cricketing legend Tony Greig.

IT was the last Christmas Day cricketing legend Tony Greig would share with his family.

This precious image captured Greig surrounded by his loved ones, including wife Vivian, daughters Samantha and Beau and sons Mark and Tom as they celebrated Christmas together.

The day the photo was taken Greig posted a holiday message on Twitter: "Merry Christmas and a happy, healthy and prosperous New Year to you all. Would love to be at Test but son Tom and I will be tuned in."

Channel 9 yesterday tweeted the family photo, saying: "Our thoughts are with Tony's family."

Messages of support continued to flow from the public yesterday as news spread of the 66-year-old's death.

"The Great Commentator Tony Greig No More ... We all will miss his Awesome style," Shantanu Newse wrote on Facebook.

Greig passed away with his family by his side at 1.45pm on Saturday at St Vincent's Hospital.

He had advanced lung cancer and died following a cardiac arrest.

On Saturday night a moment's silence was held at an Australian domestic Twenty20 match, while yesterday flags flew at half-mast at the Sydney Cricket Ground in his honour. The SCG Trust is encouraging spectators to wear wide-brimmed hats - which Greig was well known for - as a tribute to the cricketing legend for the New Year's Test.

Cricket Australia chief executive James Sutherland said yesterday the respected commentator would likely be honoured during the Sydney Test.


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Culture of snooping among ATO staff

Michael D'Ascenzo. Picture: Kym Smith Source: National Features

THE personal tax files of Australians, including those of celebrities, are being increasingly accessed by Australian Tax Office staff.

The ATO is scrambling to stem a 45 per cent increase last financial year of reported cases of unauthorised access of the private details.

Advice obtained under Freedom of Information laws reveals outgoing ATO Commissioner Michael D'Ascenzo was briefed before a Senate estimates hearing in October that 200 cases were reported, up from 138 previously.

The issue accounted for 68 per cent of all ATO misconduct cases but the ATO blamed "refinements made to our active detection methods, including data mining" and said only a quarter of the reported cases could be substantiated.

Reasons listed for the breaches included helping family and friends to gain access, locating information for themselves and browsing out of curiosity. "In rare instances, to commit fraud (i.e. identity takeover for financial gain)," the brief said.

Yesterday Opposition workplace relations spokesman Eric Abetz said the ongoing problems of unauthorised access showed there was a cultural problem.

"Australians will be outraged at this unauthorised prying into their personal affairs," he said.

"Clearly there is an ingrained cultural problem with Tax Office employees snooping on Australians' private tax information."

In July and August, 13 cases were finalised and during 2011-12 two staff were referred to the Commonwealth Director of Public Prosecutions.


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Shares still beat property and cash

Cash now represents 23 per cent of total household assets, above the decade average of 20.4 per cent. Source: National Features

AUSTRALIANS frustrated by poor returns from real estate and the sharemarket in recent years have flocked to bank deposits, but a new analysis delivers some surprising results.

Property and shares lost popularity as cash became king after the global financial crisis.

However, while bank deposits offer safety and have paid good interest rates to savers and retirees, cash comes third in the race for investment returns over the past decade.

AMP Capital examined the growth and income provided by property, shares and cash since 2003, and found shares easily had the highest investment return of 8.7 per cent per year.

Property was 5.5 per cent and cash 5.3 per cent.

''The last five years have been bad for shares, they are still one-third down from their high in 2007 and that's why people are feeling depressed,'' said AMP Capital chief economist Shane Oliver.

He said shares looked good in the 10-year analysis because it also covered the boom years of the mid-2000s, and included the solid dividend income paid by shares averaging about 4.5 per cent a year over the past decade.

''Property also had a great run until 2008 with a once-in-a-generation boom that got under way in the mid-90s. But it fell out of bed in 2008 with a lot of forced sales and low confidence.

''Cash has had a great run but it's starting to slow down.''

Dr Oliver said bank deposit interest rates were likely to fall further in 2013 as the Reserve Bank was expected to continue lowering the official interest rate.

Last week's wealth data from the Australian Bureau of Statistics showed households have amassed cash holdings of a record $749 billion.

Cash now represents 23 per cent of total household assets, above the decade average of 20.4 per cent.

Research group Lonsec has predicted shares to rise about 8 per cent by July next year, driven by falling interest rates.

''People's incomes from cash are getting low and they start sniffing around to see what's out there there are some good yields available on the ASX,'' Lonsec head of equities research Bill Keenan said.

''We're now five years since the peak, and we have got to a point where most of the selling has been done, so there's momentum for buying shares.

''Shares are obviously a lot more volatile than cash but when mums and dads are saying they don't like the sharemarket, it will probably take off.''

Forecasters do not expect big gains from property in 2013, although falling interest rates are likely to support house prices.

Mr Keenan said a deterrent for property was the high costs of buying averaging about 6 per cent of the purchase price and the high costs of selling of about 2 per cent.

AMP's Dr Oliver said the key message for savers and investors was to diversify across cash, shares and property.

''Cash was the place to be in 2011 but there's a danger for ordinary Australians. Trying to pick what asset is the best place to be for the next year, on the back of what happened last year, is bound to be a loser's game.''


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Early detection saves Dan's life

Dan Thomas and wife Julia Morris. Picture: Richard Dobson Source: The Daily Telegraph

HOUSE Husbands star and breast cancer campaigner Julia Morris's husband Dan Thomas has undergone a mastectomy to treat the disease.

The diagnosis - rare in men - came just four days before Christmas, with the actress saying early detection saved his life.

Morris, who donated her 2011 Celebrity Apprentice winnings to the National Breast Cancer Foundation, tweeted the news, urging other men to check themselves.

"Friends, Dan was diagnosed with breast cancer dec21 & had a mastectomy. He is recovering well. Love to his medical team ... North Gosford Private staff, Dr Whiteson, beloved Dr Cohen & love to anyone who checked thmslvs ths yr," she wrote, adding the cheeky hashtag #f ... offbreastcancer.

Thomas, an illustrator and comic, co-hosted the annual short film festival JMoFest with Morris as a fundraiser for NBCF research.

The couple, who celebrate their seventh wedding anniversary today, have two daughters, Ruby, 5 and Sophie, 3.

Breast cancer in men accounts for just 1 per cent of all breast cancer cases. An October 2012 government report on the disease found about 105 Australian men are diagnosed every year, with other research suggesting one in 688 men will develop breast cancer in their lifetime.

Men have breast tissue like women, meaning cancerous cells can also develop - typically behind the nipple. High oestrogen levels, a family history, some testicular disorders and ageing can be risk factors.

Morris tweeted: "We owe Dan's life to early detection. Check your breasts & don't f ... around if anything seems weird. Dan doesn't need chemo or radio (therapy). xj"


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India gang-rape victim was to marry

The body of a gang-rape victim has arrived back in New Delhi after her death sparked a wave of protests.

  • Six men face murder charges
  • Police chief calls for calm
  • Delhi city centre sealed off

THE victim of a gang-rape which triggered an outpouring of grief and anger across India has been cremated at a private ceremony in New Delhi as it emerged she was planning to get married in February.

The unidentified 23-year-old, the focus of nationwide protests since she was attacked on a bus in New Delhi two weeks ago, was cremated at a ceremony kept secret by authorities only hours after her body was repatriated from Singapore.

The funeral pyre was lit after traumatised relatives and friends said their final prayers at a ceremony in southwestern Delhi, according to mourners who revealed she had been due to wed a boyfriend who was injured in the same attack.

"They had made all the wedding preparations and had planned a wedding party in Delhi" for February, said Meena Rai, who was a close friend and neighbour.

India's treatment of women has been denounced as police charge the men accused of a gang-rape, with murder.

"I really loved this girl. She was the brightest of all."

Prime Minister Manmohan Singh and Sonia Gandhi, the leader of the main ruling Congress party, were at Delhi airport to console her parents as they arrived home on a chartered plane with their daughter's body at around 4am local time.

After initial treatment in a Delhi hospital following the attack, she was flown to Singapore on Wednesday night where doctors were unable to prevent a multiple organ failure. She was pronounced dead in the early hours of Saturday.

Indians hold candles as they mourn the death of a gang rape victim in New Delhi, India, on Saturday. Picture: AP

Her killing has prompted government promises of better protection for women, and deep soul-searching in a nation where horrifying gang-rapes are commonplace and sexual harassment is routinely dismissed as "Eve-teasing".

Several thousand people massed again yesterday in the centre of the Indian capital - some to express sympathy for the victim who had been out to watch a film with her boyfriend, others to voice anger at the government.

Stringent security measures that have seen government offices and other public areas sealed off in New Delhi to prevent protests have been seized on by critics as further evidence of an out-of-touch government bungling its response.

Indian police patrol outside the cremation ground in New Delhi today. Picture: AFP

"We cannot understand the high-handedness of the police. This is our city, we should be free to move around and protest peacefully," said 21-year-old protester Mahima Anand, who works for a multinational company.

"She was not just one woman, she epitomises every Indian woman who has been wronged in some way or the other," she added from the Jantar Mantar area of Delhi, where protesters have been allowed to gather.

About a dozen protesters tried to break the barricades that riot police erected around the area, while a handful also threw stones and were immediately detained.

Indians shout slogans and march on a street as they mourn the death of a gang rape victim in New Delhi, India, on Saturday. Picture: AP

Waves of protests erupted across India after the attack on December 16 when the woman was repeatedly raped and sexually assaulted with an iron bar, leaving her with terrible intestinal injuries.

Thousands took part in late-night candlelit vigils on Saturday after 80-year-old Mr Singh, criticised for reacting slowly to the crime, led appeals for calm to prevent a repeat of the sometimes violent protests.

The United Nations Secretary-General Ban Ki-moon also sent his condolences to the victim's parents and family.

An ambulance transporting the body of a gang-rape victim is seen outside her residence in New Delh.The woman's body was flown back to India after the 23-year-old died of her injuries ina Sinmgapore hospital. AFP /Sajjad Hussain

"Violence against women must never be accepted, never excused, never tolerated," Mr Ban's spokesperson said.

As police said the six accused of murdering the unnamed woman could face the death penalty, there was widespread determination that the killing should serve as a tipping point for how the nation deals with violence against women.

"We are aware that this is not the first case, nor will it be the last case of gang-rape in India, but it is clear that we will not tolerate sex crimes anymore," said Bela Rana, a lawyer who joined a rally in central Delhi.

Doctors say a young Indian woman who was gang-raped and severely beaten on a bus in New Delhi has died at a Singapore hospital.

But Sunday's Hindustan Times said more than 20 women had been raped in New Delhi since December 16 and the Press Trust of India news agency reported another alleged murder and gang-rape yesterday in the state of West Bengal.

According to police and prosecutors, the ordeal suffered by the victim of the Delhi crime began when six men lured her and her boyfriend onto a bus that they thought would take them home.

Instead the group, who had been drinking heavily, launched a savage attack lasting some 40 minutes that ended when the victims were thrown off the bus.

An Indian police convoy escorts an ambulance transporting the body of an Indian gang-rape victim towards her residence in New Delhi after it arrived back in India from Singapore. AFP/Sajjad Hussain

Protesters and the Indian media have demanded that the government unveil measures to make the country safer for women, while introspecting on how to uproot deep prejudice and misogyny in Indian society.

Initial government proposals include a public register for sex offenders and forcing convicted rapists to undergo chemical castration - the use of drugs to suppress sexual urges.

The government has already promised to bring in tougher sentences for the most extreme sex crimes and speed up a notoriously slow justice system that often fails to deliver timely verdicts.

Funeral workers in Singapore unload the body of the young Indian woman who died after injuries from a brutal gang-rape on a bus.

Human Rights Watch called on the government to ban the use of the so-called "finger test" in which a doctor tests the laxity of a rape victim's vagina, apparently to determine if she is "habituated to sexual intercourse".

Such tests result in "unscientific and degrading findings" that often wrongly discredit complaints from women, the New York-based rights group said.
 

An Indian ties a black band as he arrives to attend a gathering to mourn the death of a 23-year-old gang rape victim, in Mumbai. The incident has galvanised Indians to demand an end to sexual crimes against women.

A man attends a candlelight vigil in memory of the young woman who died after being gang-raped by six men on a bus in New Delhi.

Indians lie down on the ground mimicking dead bodies as they mourn the death of a gang rape victim in New Delhi.

An Indian woman protests against the brutal gang-rape of a young woman on a bus in New Delhi.


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Lucky escape as plane debris hits car

Cars hit by plane debris, wheel, hurtling onto motorway from runway crash that claims 4 lives in Russia.

HEART-stopping video has emerged of how close motorists came to becoming victims of the deadly Moscow plane crash.

The incredible video shows how a casual weekend drive could have resulted in catastrophic consequences when a  passenger airliner careered off the runway at Russia's third-busiest airport while landing, broke into three pieces and caught fire, killing at least five people.

The driver's camera captures the moment the plane crashes into the highway, and you can even make out one of the plane's wheels hurtling into another vehicle in front.

The vehicles travel on the highway next to Vnukovo Airport, just seconds before the plane crashes.

After a screeching of brakes and loud impact noise, the driver casually brings the car to a halt by the side of the road.

State television news channel Vesti showed a photo of the wrecked plane's fuselage with the livery of the low-cost Russian Red Wings airline. Its nose, including the cockpit area, appeared sheared off.

The frightening moment when a large piece of debris from the doomed airliner strikes a car on a highway. Miraculously, nobody in the car was hurt.

Russian investigators have blamed a defective brake system for the crash that killed five crew members.

Rescue workers recovered the flight recorders from the four-year-old Tu-204 of tycoon Alexander Lebedev's Red Wings airline late Saturday as Russia began mourning its latest post-Soviet crash fatalities.

The car ploughs through a rain of debris as the plane crashes just metres away.

"The plane touched down in the proper landing area but for some reason was unable to stop on the strip," Federal Air Transport Agency chief Alexander Neradko said in televised remarks.

"According to preliminary data, the pilots used all the brake systems available on the plane," an unidentified investigator told the Interfax news agency.

The car ploughs through a rain of debris as the plane crashes just metres away.

"But for some reason, the aircraft failed to stop and continued moving" down the runway. "Most likely, the cause was defective reverse engines or brakes."

Red Wings said a flight attendant died of her injuries yesterday, bringing the toll to five. Three others were recovering in a stable condition.

The car comes to a halt, the driver and occupants lucky to be alive.

Greater loss of life was averted only because the 210-seat liner was empty except for the eight crew returning from a charter flight to the Czech Republic.

Mobile phone footage of the accident posted online showed chunks of debris hurtling over the highway and crashing into cars whose drivers had to swerve and make emergency stops.

Rescuers work at the site of a Red Wings Tu-204 plane that careered off the runway at Vnukovo Airport in Moscow.

The jet split into three pieces and required the temporary shutdown of both the Kiev Highway and Vnukovo - Moscow's third largest airport and the site of a special terminal for Kremlin officials.

Red Wings owner Alexander Lebedev - a billionaire famous for his critical view of the Kremlin and his ownership of the London Evening Standard and The Independent in Britain - said the jet had recently passed a meticulous check.

Moscow 24 TV airs dramatic footage of rescuers helping survivors after plane crash on highway.

"Plane number 47 had accumulated 8500 flight hours and underwent its last thorough check on November 23," Mr Lebedev said on his Twitter feed.

He also suggested that traffic controllers' initial refusal to authorise landing - requiring the plane to complete several circles over Vnukovo in bad weather - may have been a contributing factor.

A passenger jet has careered off a runway at Russia's third-busiest airport, killing at least four people.

"All machinery has its limits, even when it is new," Mr Lebedev wrote.

Russian media said the authorities had concerns about the Tu-204 jet's ability to stop in various weather conditions even before Saturday's crash landing.

Rescuers work at the site where a plane careered off the runway at Vnukovo Airport in Moscow.

They cited a letter sent by the state aviation watchdog Rosaviatsya to the jet's maker on Friday asking about an incident last week in which the engines failed to fire into reverse on landing.

The manoeuvre is required for the plane to slow down quickly upon touchdown.

The russianplanes.net aviation website said the very same jet had suffered an engine failure and was forced to make an emergency landing in June 2009.

It said Mr Lebedev's airline had in fact decided not to order any more Tu-204 planes after the 2009 incident because of the engine problems.
 

Government officials believe the cause of the crash could be pilot error.

Witnesses said heavy gusts accompanying a light snowfall were swirling over the airport at the time the plane came in for landing on Saturday afternoon.

But on Sunday, a security source said investigators had brushed aside poor weather conditions or pilot error and were focusing on technical problems with the Tupolev as the most likely cause.

"According to preliminary information, the Vnukovo catastrophe may have been caused by problems with the plane, which became exposed in difficult weather conditions," the unnamed official told the Interfax news agency.

The Russian-made Tu-204 jet was flying in from Pardubice, in the Czech Republic after dropping off tourists and then returning to its home Moscow base with just crew on board. 

Officials said there were eight people aboard the Tu-204 belonging to Russian airline Red Wings that was flying back from the Czech Republic without passengers to its home at Vnukovo Airport.

Emergency officials said in a televised news conference that four people were killed and another four severely injured when the plane rolled off the runway into a snowy field and partly onto an adjacent highway, then disintegrated.

Russian medics on Sunday began identifying the bodies.

Rescue workers recovered the flight recorders from the four-year-old Tu-204 late on Saturday as Russia began mourning its latest post-Soviet crash.

"The plane touched down in the proper landing area but for some reason was unable to stop on the strip," Federal Air Transport Agency chief Alexander Neradko said in televised remarks.

The plane's impact with the highway embankment sent the severed nose sliding over the icy road while the rest of the jet rested just past the airport's fence - its tail linked to the rest of the body by only a tangle of wreckage.

The plane's cockpit area was sheared off from the fuselage and a large chunk gashed out near the tail.

Russian state television showed live footage of rescuers climbing into the wreck with search lights as night fell over Moscow with the plane still blocking traffic on the busy Kiev Highway.

''According to updated information, four people were killed and four more were injured,'' the interior ministry said in a statement.

A health ministry official said the four survivors were being treated for head injuries at various Moscow hospitals.

The Interfax news agency said both pilots were among the dead.

The crash occurred amid light snow and winds gusting up to 15 metres a second, but other details were not immediately known.

A spokesman for Russia's top investigative agency, Vladimir Markin, said initial indications were that pilot error was the cause.

But Investigative Committee spokesman Vladimir Markin said all possible causes were being explored, including pilot error, the weather or a technical malfunction.

Several state media outlets speculated only hours after the incident that something might be wrong with the brake system of the Tu-204 planes.

The state news agency RIA Novosti cited an unidentified official at the Russian Aviation Agency as saying another Red Wings Tu-204 had gone off the runway at the international airport in Novosibirsk in Siberia on December 20.

The agency said that incident, in which no one was injured, was due to the failure of the plane's engines to go into reverse upon landing and that its brake system malfunctioned.

On Friday, the Aviation Agency sent a directive to the Tupolev company's president calling for it to take urgent preventive measures.

They cited a letter sent by the state aviation security watchdog Rosaviatsya to the jet's Tupolev maker on Friday expressing concern over last week's incident.

The manoeuvre is required for the plane to slow down quickly upon touchdown.

Czech officials stressed that the plane was in fine working order when it landed at an airport 100kmeast of Prague earlier in the day.

Vnukovo airport spokeswoman Yelena Krylova said it had enough personnel and equipment to keep the runway fully functional on Saturday.

The airport resumed receiving planes after a break of several hours.

Prior to Saturday's crash, there had been no fatal accidents reported for Tu-204s, which entered commercial service in 1995.

The plane is a twin-engine midrange jet with a capacity of about 210 passengers.

Vnukovo, on the southern outskirts of Moscow, is one of the Russian capital's three international airports.

Red Wings - which serves destinations in Russia and abroad as well as offering charter flights - is owned by Russian businessman Alexander Lebedev whose assets also include the London Evening Standard and The Independent in Britain.

Red Wings owner Lebedev said the jet had passed a meticulous check in November.

"Plane number 47 had accumulated 8500 flight hours and underwent its last serious check on November 23," Lebedev tweeted.

He also suggested that traffic controllers' initial refusal to authorise landing - requiring the plane to complete several circles over Vnukovo - might have been a contributing factor.

"All machinery has its limits, even when it is new," Lebedev wrote.

 Air safety in Russia is a major headache for the authorities following a severe deterioration in the quality of domestic services following the Soviet Union's collapse.

Officials blame most problems on pilot inexperience as well as poor maintenance by small and poorly regulated airlines that sprouted up across Russia in the past two decades.

The images of the stricken plane stranded on the motorway are a major embarrassment for Russia as it seeks to promote an image as a safe country ahead of its hosting of the 2014 Winter Olympics and 2018 World Cup.

The Kremlin said President Vladimir Putin had been personally informed about the accident while Prime Minister Dmitry Medvedev ordered an investigation into its causes.

The incident also risks causing travel chaos as Russians depart from the capital in hordes for the country's lengthy New Year holidays.

Flights were diverted for several hours to Moscow's two other major airports after the crash.

The accident came days after all 27 people on board a Kazakh military jet were killed in a crash in the south of the former Soviet Central Asian state.


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Future of Tinkler's stable in serious doubt

The future of Nathan Tinkler's Patinack Farm horse training stud is in doubt. Picture: Nic Walker Source: Supplied

NATHAN Tinkler's Queensland racing dream could be over.

The former billionaire's Patinack Farm racing stable scratched every runner in Brisbane on Saturday, with racing industry insiders claiming the Newcastle Knights owner is set to place his Queensland operations on ice until his business empire bounces back from mounting debts.

More than 30 people are employed at Patinack's Canungra base in the Gold Coast hinterland and many are already reportedly looking for new jobs as speculation continues that Mr Tinkler's racing empire is on borrowed time.

The mogul has closed his Melbourne stables and speculation continues that Queensland will be next to go.

Patinack Farm has 15 horses listed for sale at next month's Magic Millions carnival after more than 300 were offloaded in a fire sale earlier this year.

Retail king Gerry Harvey has confirmed loaning Mr Tinkler millions of dollars.

A win to Ferment in NSW at the weekend was a rare bright spot for Patinack on the same day four horses were scratched at Doomben, sending the racing rumour mill into overdrive.

Nathan Tinkler's Patinack Farm base at Canungra.

No Patinack horse has won in Brisbane for 28 starts, placing further financial strain on the business.

Patinack Farm is easily the biggest employer at Canungra, but locals say many staff have had enough.

"It's already come out that a lot of them weren't getting their super and a lot of them are looking for new jobs," a Canungra trader said.

"They can see the writing on the wall and it's been the talk of the town."

Another trader said it would be a sad end to a sorry saga if Mr Tinkler closed Canungra's Patinack operations.

"It's sad because when he set up Patinack out here everyone thought of him as a saviour who was going to drive the economy for the whole town," he said.

"But he got a lot of people offside right from the start."

Some contractors and suppliers contacted by The Courier-Mail yesterday said they were paid up to date, but others have cut their losses.

Mr Tinkler bought his Canungra holdings three years ago for a reported $28 million, but real estate agents said he would be lucky to get close to $20 million for it now.


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