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InDaily : December 8th 2011
PARTNERS ADELAIDE’S DAILY INDEPENDENT NEWS CLICK ON THE PAGE TO ZOOM THURSDAY 8TH DECEMBER 2011 CREDITORS’ MEETING EXPECTED NEXT WEEK AFTER COLLAPSE MIXED MESSAGES FROM CARL DES RYAN THE Child Abuse Report Line, created to protect young South Australians at risk, is losing credibility as frustrations grow that it’s not working properly. Youth counsellors say they are disillusioned with the phone reporting service, known as CARL, for dealing with incoming calls in an unpredictable and subjective manner. “Whoever picks up the phone at the [CARL] end determines the response a caller gets,” one advocate told Indaily, on the basis of anonymity. The advocate, who works for a major SA youth network, said counsellors had increasing doubts about the ability of CARL operators to give a consistent response. She gave the example of a counsellor working with a young person at risk of self-harm... Read more Abuse line fails test of credibility ‘It’s a puzzle why Rupert Murdoch remains so keen for his eldest son to take over the family business, because Lachlan has never really looked like he would make a great fist of it’ Paul Barry, on Lachlan Murdoch View page KEVIN NAUGHTON CREDITORS, investors and staff of MyATM Holdings will have to wait until at least late next week before the company’s position becomes clear. Ten staff members at the troubled cash machine seller have been kept on by insolvency firm Korda Mentha, the administrator appointed to examine the business’ finances. MyATM went into voluntary administration on Tuesday after a failed attempt to secure finance and moves by creditors to start legal actions against the company. “We’ll continue to employ the staff to work with us to sort through the business and see what’s there,” Korda Mentha’s Stephen Duncan told Indaily. “We’ve been contacted by a range of creditors, suppliers and investors and we’ll be in correspondence with them to let them know what’s happening. “A meeting of creditors is likely to be held at the end of next week; we’re just getting on top of all the issues at the moment.” Three corporate entities within the MyATM group are in administration: MyATM Holdings Ltd, MyATM Pty Ltd and Aussie ATMs Pty Ltd. The company’s business model of selling ATMs to investors and arranging for the machines’ placement at sites, mainly in retail outlets, had its origins in the deregulation of the ATM market in March 2009, allowing independent operators to run machines and charge a transaction fee. Revenue from the fees is then divided between data suppliers, machine maintenance, owners and the site. MyATM investors were promised returns of at least 20 per cent annually. It’s unclear where the guarantee of a... Read more Nervous times for MyATM investors This MyATM unit in City Cross is out of order Lachlan Murdoch Clare Dilliway SPONSOR OF THE DAY GO TO OUR PAGE NOW Find us on Facebook Follow us on Twitter CONTACT INDAILY Click to email Responsibility for all comment is taken by the Editor, Des Ryan, Suite 4, Cinema Place, Adelaide. SA 5000. Sales Manager Online Producer Editor INSIDE TODAY Any insider information? HOME PAGE NEWS NATION | WORLD BUSINESS SPORT VIEWS REVIEWS ISPY PROPERTY WEATHER
December 7th 2011
December 9th 2011