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MEMBER 188 writes:

"Loved the quote from Clive Palmer on page 69 of the AFR this morning [13 October 2011] about his Gold Coast A-League Team, but I’m sure his tax advisers are gnashing their teeth:

'Yes, we make a few million dollars in losses but we like doing this. You have to treat it as a hobby, it's not a business'.

Then again, maybe when you are that rich it is just a hobby."

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