"I haven't labored for any federal government system or perhaps after had official employment with a public enterprise in PNG."
He explained the sole capacity he experienced acted in was "introducing people today to likely possibilities in PNG".
"With volatility spiking it was tricky to argue the Australian market wouldn't turn into embroiled within an aggressive selloff," Mr Hazard stated.
It's already sparked controversy in PNG with politicians elevating fears about how the $43 million fund, which belonged to the government-owned entity often known as the Motor Vehicle Insurances Restricted (MVIL), was sent out with the country in 2009.
The revelations have emerged from a row about $43 million of PNG government revenue that was squirrelled away in a little nation bank department in Lismore in northern NSW.
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MVIL's qualified witness Robert Danger, a money belongings trader in Australia specialising in spinoff buying and selling and money investment, alleged that in June 2011, Woodlawn's investment decision strategy uncovered MVIL to "considerable hazard".
Mr Chance also alleged that Woodlawn's buying and selling strategy was "not one among proficient or watchful trader" particularly in mild from the unfavorable financial information with the time.
The cash has become the subject of the court situation in NSW involving The cash managers and Papua New Guinea's third-bash motor vehicle insurance company, which owns The cash.
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Two Sydney funds supervisors have demanded about $23 million in expenses for 2 decades work investing Papua New Guinea taxpayer funds, a number of which dropped in price by about $10 million.