A bit off topic Enumerate, but interested in your views citizenship / natural justice etc views on whats just happened to Mark Hotchin. He's had his assets frozen by SecComm without the benefit of a Statutory Management or recievership as protection against any so far um lodged civil claims. It was a closed court hearing today and Hotchin had no advance warning of the application.
I'll have to look into this in more detail but I would have thought it would have been up to individual litigants to secure the security - not some govt agency. And how can a govt agency secure assets when there is no accusation of any wrong doing. As far as I can tell Hotchins actions were subject to rigorousness due diligence by the financial experts in Allied Farmers and Hanover / ALF investors had loads of professional independent advice from external financial investment experts.
It strikes me that as a NZ citizen we have much more to fear from todays actions than AH's Stat Man. This is brand new territory for the Govt - its something that has never been done before - yet Stat Man is a relatively well trodden road.