JoNova

Updated with Janet’s comments below.

Matt and Janet Thompson are at the end of the rope

Did you know in Australia it’s possible to ruin a business if you don’t like the way it smells? This is a heartbreaking story — that a government could effectively ruin a family by slowly strangling them in red tape, and that they would have apparently no protection from the courts or the ombudsman. It eats away at our sense of justice. Can we speak freely? Are we all treated equally under the law, or are some laws only enforced according to a capricious whim?

This is the price we pay for vague laws where business people can run ventures, do everything to the letter of the law, with best-practice procedures, winning customers and contracts, yet go broke despite all that because of onerous, impossible-to-meet conditions, that are unmeasurable, and change suddenly, with the added bonus of inordinately long delays. At the moment, Janet and Matts farm, Narrogin Beef Producers, lies empty, unstocked, while debts accrue by the minute.

This is also a story of sovereign risk. Investors in Australian industry beware.

Unused equipment that cost hundred of thousands of dollars lies […]