Clarence Valley Council Election 2012: Mr. Baker acts coy on financial situation

It will come as no surprise to find out that one of the candidates in September’s Clarence Valley local government election, land and property developer Andrew Baker, was a trifle economical with the truth when he announced that two companies in which he was a director and major shareholder had been placed in receivership by the National Australia Bank.

Yes, despite protestations to the contrary, it now appears that the Maclean Hotel Holdings Pty Ltd business had been placed in the hands of the receiver still owing money to businesses other than the bank.

The second ‘Baker’ company originally mentioned is allegedly involved to the extent that it holds assets which have been cross-securitised. The name and eventual fate of this company has not been made public to date.

Although Creditor Watch Express lists Maclean Hotel Holdings Pty Ltd, Holder Baker Pty Ltd, Gulmarrad Developments Pty Ltd and Lanai Pty Ltd as being Under External Administration And/Or Controller Appointed - effective on all four companies as of 20 August 2012.

Which makes one wonder about Mr. Baker's statement in the second newpaper article; While I have stated that two companies are in receivership, Maclean Hotel Holdings Pty Ltd is the only one.

However, what is also fascinating about The Daily Examiner interviews with Mr. Baker is the lengths he is prepared to go to in order that a fuller picture of his business interests are not published:

Can you please name the companies you remain involved with (to save me an ASIC search)? This really should be a matter of public record in any case so people can be assured that you register your pecuniary interest when these companies come before council.

I am aware of the need to register pecuniary interests and will do so if elected. The ASIC search approach will give you accurate, independent verification of the information you seek.

A somewhat inane response to the journalist in question, as the fact of the matter is that in the Lower Clarence many of the companies Mr. Baker is associated with are well-known:

Lanai PtyLtd

ABN 11 067 844 259

Narandbak Investments Pty Ltd

ABN 97 003 700 669

Yamba Maclean Landscaping Services Pty Ltd

ABN 63 103 591 742

Maclean Hotel Property Trust

ABN 19 122 431 577

Maclean Hotel Holdings Pty Ltd

ABN 67 132 925 985

Holder Baker Enterprises

Business Name

BN98083179

Holder Baker Pty Ltd

ABN 20 122 621 694

Holder Baker Property Trust

ABN 23 496 031 552 28

Holder Baker Partnership

ABN 79 748 42 977

Gulmarrad Developments Pty Ltd

ABN 60 131 904 026

Gulmarrad Village Pty Ltd

ABN 33 131 903 985

A.F BAKER & N.V BAKER & G.J HOLDER & L.A HOLDER

Trading Name HOLDERS AND BAKERS

ABN 16 114 678 578

Update:

Holder Baker Pty Ltd was also served with a notification of the appointment of a receiver and manager as trustee for the Maclean Hotel Property Trust.