A West Australian agricultural lobby group says it has been “let down by a very trusted employee”, as WA police begin investigations into financial misconduct at the Pastoralists and Graziers Association (PGA).
“It’s been a pretty interesting experience,” PGA president Tony Seabrook said.
“We found ourselves in a very embarrassing situation of having far too much trust in one particular person… But I would say to our members stay with us.
“We’re going to be back in business very shortly… We are leaner, meaner, a bit more experienced and massively enthused.“
Administrators RSM Australia confirmed creditors approved a rescue package for the PGA at a meeting on Friday in perth.
RSM partner Jerome Mohen said the decision was “pleasing” and would give the PGA a path to clear its debts and exit voluntary administration.
“As a result of proactive engagement from the PGA Executive and Committee, we’ve been able to put forward a timely solution which provides a better outcome for both the organisation and creditors,” he said.
“This outcome is important for the PGA and its creditors, and also important for its members and the wider agricultural community too given the significant role the PGA has played in advocating for the agricultural…
