Public Trustee NSW Merger Under Fire

Check this intriguing commentary on the state of NSW politics and the Attorney General's Department. The financial journalist Tony Boyd has delivered a stinging commentary on the bizarre wheeling and dealing that led to the amalgamation of the Public Trustee NSW and Office of Protective Commissioner in June 2009. The new organisation is called the NSW Trustee and Guardian.

Boyd questions the wisdom of the merger, doubts its future financial viability and calls into question the whole rationale behind the merger. So a serving of criticism is dished up to NSW Attorney General John Hatzistergos for the rushed nature in which legislation was prepared and pushed through the Parliament in the closing days of June.

Boyd likens the merger to short-term raids by corporations that seek to prop themselves up when under pressure. See the whole piece here.