Unfortunately it is still legal to sell the foundations and whiteant the super funds, See
ASIC | Crikey or
Cookies must be enabled | The Australian Think about Ansett, HIH, and a lethargic ASIC that acts too late, or Babcock. Forward sell a 20 year exclusive management contract, well protected and isolated from the one being stripped, is the usual go. Mix in a few financial Synthetics for a few 'un-seeable' Euro sovereign debt defaults, and bingo, taxpayer funded bailout.
With S of QF Act and Sandpit Airlines that have subsidized fuel, getting decent PE returns in a downturn means something else has to give, As rent, leases, fuel, maintenance, airport fees are about the same,
hitting up employees (labour) is the only give point.
But with the Euro scare, I think PE is OFF. Bloody hard or expensive to raise money now, and after Myer, the punters will be suspicious of a new float, and the underwriters will have to be paid well after the QLD toll road fiasco.