AGM Wed 12th November 2008.
Proxy Voting forms for the 2008 AGM in November are being sent with the Open Road. Click Here for instructions on how to fill out your proxy.

Your proxy must be received by the Company not later than 10am Monday 10th November.

IMPORTANT NOTICE FROM RICHARD TALBOT

6th November 2008

Members were sent (with the Open Road Sept/Oct edition) the Concise Financial Report of the NRMA for the financial year to June 2008, together with a notice of meeting and proxy voting form for the AGM Wed 12th November.
This is also available on the NRMA website.
The full report is not on the website and only available to be sent to members on request.
The full report has been declared by the Directors to be a “true and fair view of the Company's and Consolidated Entity's financial position as at 30 June 2008 and of their performance for the year ended on that date”
The report is to presented to the Members at the AGM.

Included in the full report (but not included in the Concise Report sent to members) is the following statement in item 36, Related party disclosures, under the subheading (c) Transactions with related parties at page 79:

“NRMA paid $57,150 to Richard Talbot towards the final settlement of a claim for damages made by Mr Talbot against the President, Alan Evans. NRMA made the payment in order to eliminate risk of incurring costs and expenses arising out of Mr Talbot’s claim against Mr Evans in an amount substantially in excess of the payment made.”

This is seriously wrong.

• I did not receive any money from the NRMA.
• I received a sum from Alan Evans in complete settlement of a claim for damages.
• If the NRMA paid this money, then it did not pay it to me.
• It cannot be true that “NRMA made the payment in order to eliminate risk of incurring costs and expenses arising out of Mr Talbot’s claim against Mr Evans” because there was no such risk, and never could have been.
• My claim was against Mr Evans for a defamatory statement he made as a candidate for election to the NRMA Board, not as President of the NRMA.
• I made no claim against the NRMA, and there is no way that the NRMA could have been made liable for my claim against Mr Evans.
• It cannot be true that “NRMA made the payment in order to eliminate risk of incurring costs and expenses ... substantially in excess of the payment made” because at the time the NRMA paid the money to whoever it paid it to, my case against Mr Evans had been settled, and there can therefore have been no risk of further costs and expenses.

The note in the accounts is seriously false and misleading.

Richard Talbot

 

Click here for a PDF copy of page 79 of the Full Report

Click here for a PDF copy of the Full Report submitted to ASIC(1Mb)