Session 41 Experience and Bankruptcy

My history and experience is as follows:

Bachelor of Science and Master of Science from Delft University in Holland

Lecturer (Associate Professor) in Surveying QUT Brisbane for 13 years. Lecturing in  Surveying , Geodesy, Astronomy, Map Projections, Satellite Navigation GPS, Hydrographic Surveying, Geophysical Prospecting and Surveying and Town Planning to Engineers, Builders, Architects, Landscape Architects and Town Planners.

Graduate Diploma in Landscape Architecture, 3 years of a 6 year part time course.

Founder and Managing Director of International Mortgage Finance Pty Ltd. Finance Broker, Foreign Currency Loans, Funding of hotels and shopping centres. Two of my clients were in the top 10 richest men in Queensland. Large 20M international tourism project, selling and marketing rights of a 4 resort project (Gold Coast hotel resort, Tangalooma Moreton Island Resort, Fraser Island Resort and Hamilton Island Resort.) International Mortgage Finance operated for  20+ years

Peter Griep trading as Positive Mortgages. Finance Broker and Licensed Investment Adviser for 20+ years. Specialising in maximising pensions for retirees.

Founder and Managing Director of Coolum Mini Storage Pty Ltd. Development and construction of a large 20 strata titled Self-Storage complex.

Founder and Managing Director of Port of Brisbane Pty Ltd. Development and construction of a large 20 Strata Titled Self-Storage complex.

Founder and Managing Director of Wondai Village Pty Ltd. 4 stage Retirement Village of 102 units. Design, development and construction.

Founder and Managing Director of Nadco Pty Ltd. Property Developer.

                   DA 12 unit development in Paddington Brisbane

                   20 Unit Development in Brisbane

                   82 Unit Development in Brisbane

Small subdivision on Lindisfarne Karoola Road.+ DA Multiple Dwellings

Small subdivision on Lindisfarne Derwent Ave + DA Multiple Dwellings

                   DA Multiple Dwellings Bridgewater

                   DA Multiple Dwellings Bridgewater

                   DA Multiple Dwellings Rosetta

                   2 appeals in the Appeal Court

Resident Manager and Letting Agent for Wondai Village. Licence now lapsed.

Chairman of 6 different Bodies Corporate.

Took the taxation department to court about a foreign currency matter and won.

Prepared BAS statements for 6 entities

Had Tax Audit of all entities by having 2 auditors in my office full time for 2 weeks. Passed with flying colours and was able to teach the auditors a few tricks about GST.

Hobbies: Sundials, gardening and beating Centrelink

Declared bankrupt 14 years ago through no fault of my own. Never been one cent behind in payments. Let us just say that there was a Global Financial Crisis and that the Royal Commission has exposed some of the unconscionable practices by the banks.  The Bank and the administrators sold my beautiful 5 year old retirement units, $44,000 for a 1-bedroom unit and $76,000 for a 3-bedroom unit, just enough to clear the debt and give the administrators their share.

Not a cent was left and I applied for an old age pension. Centrelink would not give me a pension because they do not recognise bankruptcy and on their books I still had several Millions . I had to take them to the Appeal Court and after 6 months Centrelink finally admitted that indeed I was entitled to a pension.

The bankruptcy is now discharged  and I  regard it is as a valuable experience on top of all the experience above. I am now ready to move on again.

Came out of retirement to start Housing Affordability Tasmania Pty Ltd

developer of Affordable Housing and Rental Accommodation.

Design of strategies  to solve the Housing and Rental Crisis  , Maximise Pensions for Retirees and improve Community Housing. See www.hat.house

Peter Griep

 

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