Month: August 2013

The Mercury (Tasmania)

I take many articles from The Mercury as a source of information on local events and happenings around the state. Finally after several years of saying that their website needed a make over, it's finally happened! However there's a little bit of a glitch, the RSS feeds have changed, their content has not carried over […]

The Expected Result (No Surprises)

FORMER Gunns Ltd boss John Gay has avoided a jail term and been fined $50,000 for insider trading. Justice David Porter handed down the penalty today in the Supreme Court in Launceston, with Gay later describing the past four years as "among the hardest" of his life. Gay, 70, of Clarence St, Launceston, pleaded guilty […]

Yo DJ Spin That Wheel…

POWER prices in Tasmania are set to drop by 5.23 per cent next year — in line with retail contestability. The drop could see the average Tasmanian household save about $140 a year. The independent Tasmanian Economic Regulator yesterday approved a State Government proposal to see a drop in power prices for Tasmanian households from […]

Why am I not surprised?

    THE Crown has told a Supreme Court Judge today it is not pushing for a full-time jail sentence for former Gunns chairman John Gay. John Eugene Gay, 70, of Clarence St, Launceston, pleaded guilty on August 5 to one count of insider trading. Gay sold more than 3.4 million Gunns shares between December […]

Gay has Sympathisers!

The rise and fall of John Gay JOHN Gay first came to the public's attention when he fronted the Royal Commission into the Edmund Rouse bribery scandal in 1991. The brash, no-nonsense boss of Gunns Kilndried Timber Industries was ordered to present his 1989 work diary, but turned up to the commission to explain he […]

Let's watch as Gay gets no punishment

The former head of the collapsed Tasmanian timber company Gunns, John Gay, is facing a maximum penalty of 10 years in prison, after admitting to insider trading. Gay was due to stand trial today, but changed his plea. The 70-year-old pleaded guilty in the Supreme Court in Launceston to one charge of insider trading after […]

Let's watch as Gay gets no punishment

The former head of the collapsed Tasmanian timber company Gunns, John Gay, is facing a maximum penalty of 10 years in prison, after admitting to insider trading. Gay was due to stand trial today, but changed his plea. The 70-year-old pleaded guilty in the Supreme Court in Launceston to one charge of insider trading after […]

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