snoopy
Top Contributor
About 6 months ago we heard some pretty interesting comments from the CEO about AUDA's survival. In my view those comments were more than just off the cuff remarks, I think the Australian government has probably been very carefully watching AUDA, its future is not certain at all.
The move to tender was the first positive step in a very long time but it now seems likely this wasn't AUDA's idea but was government ordered. Could AUDA really not see the obvious problem in simply giving a $150million contract to mange a critical public resource to some hedge fund in San Francisco?
In my view AUDA is completely out of touch, and its model of operation (demand/supply) is broken, branch stacking, unaddressed conflicts of interest and a transparency situation that is getting worse not better.
So the question I have is how long do you think AUDA will last? Will the government taken control or will they continue on as is?
The move to tender was the first positive step in a very long time but it now seems likely this wasn't AUDA's idea but was government ordered. Could AUDA really not see the obvious problem in simply giving a $150million contract to mange a critical public resource to some hedge fund in San Francisco?
In my view AUDA is completely out of touch, and its model of operation (demand/supply) is broken, branch stacking, unaddressed conflicts of interest and a transparency situation that is getting worse not better.
So the question I have is how long do you think AUDA will last? Will the government taken control or will they continue on as is?