auDA and auDA Foundation Fees questioned where are the decreases?

[DomainNames]

The "Not For Profit" auDA has $16 million in the bank. Massive profits made off the .au domain name consumers
auDA Foundation has ?? in the bank

10 years ago auDA was to reduce their fee based on the amount of domain name registrations..but again this has never occurred and we have not seen any further decreases in the fees per registration.. why not?

https://www.auda.org.au/about-auda/our-org/board-meetings/2007/070416/

The board agreed the proposed new auDA domain name fee model, with the fee to be set according to the number of domain name registrations. It was noted that the model would provide greater certainty and transparency to the industry, and better guidance to the board for future budget deliberations. Pursuant to the model, the board agreed to reduce the fee to $3.00 ex GST (subsequently amended to $3.00 ex GST) on 1 May 2007 .​

 

[JackBeNimble]

Not for profit does not equal no money in bank!

 

[snoopy]

They need to give back rather than stockpiling cash with no clear purpose.

auDA are crying poor in their government submission aswell, making out their financial position is not as strong as it really is.

 

[Bacon Farmer]

Not for profit does not equal no money in bank!

$16,000,000 in the bank, means their definition of not for profit is broken.

 

[JackBeNimble]

Do you KNOW if there’s a reason (or not) they have to have some money banked?
The transparency isn’t there but there’s likely to be a reason - it’s not like they can line pockets from it or the audits would show.

 

[DomainNames]

auDA Assets now $17,344,912
auDA Foundation? $ X,XXX,XXX

The.au wholesale price rip off is fact! Why did it not go down with the increasing registration numbers?

auDA was suppose to drop the /au wholesale pricing 10 years ago.. Instead they have been making massive profits and so did the wholesale registry subcontractor.

In my opinion this shows auDA are unfit to continue management of the .au namespace.

It was never the intention of government for auDA to be making so much money ( now $17 million + in the bank ) and not keeping their promises to reduce wholesale fees as .au domain name registrations numbers increased.

Most auDA Members do not even know what auDA had promised 10 years ago for lower .au wholesale pricing and that auDA has the $17+ million + $ millions (?) more stashed away in the auDA Foundation!


https://www.auda.org.au/about-auda/our-org/board-meetings/2007/070416/

"The board agreed the proposed new auDA domain name fee model, with the fee to be set according to the number of domain name registrations. It was noted that the model would provide greater certainty and transparency to the industry, and better guidance to the board for future budget deliberations. Pursuant to the model, the board agreed to reduce the fee to $3.00 ex GST (subsequently amended to $3.00 ex GST) on 1 May 2007 ."

https://www.auda.org.au/news/auda-extends-ausregistrys-au-registry-term-to-2014/
Posted by Jo Lim on 26 February 2009
"new pricing that sees a drop in the AusRegistry wholesale price to $14 (for a 2 year licence) for com.au and net.au domains and further drops as volumes increase"


http://www.smh.com.au/small-busines...n-name-owners-ripped-off-20170807-gxqpzs.html

 

[DomainNames]

Do you KNOW if there’s a reason (or not) they have to have some money banked?
The transparency isn’t there but there’s likely to be a reason - it’s not like they can line pockets from it or the audits would show.

For many years members had trusted the financials..until last year auDA themselves started raising internal issues of their own finances..

What did previous audits show? They often are not forensic audits.
What does the PPB Investigation & report show? Can members read it.. why not?
How about the FOI'S, auDA Foundation financials and forensic audits?

• http://audafoundation.org.au
• https://www.righttoknow.org.au/request/au_domain_administration_ltd_mem
• https://www.righttoknow.org.au/request/au_historical_financial_irregula
• https://www.righttoknow.org.au/request/au_domain_administration_ltd_aud#outgoing-4446
• https://www.righttoknow.org.au/request/au_domain_administration_ltd_boa

 

[JackBeNimble]

https://www.auda.org.au/news/auda-extends-ausregistrys-au-registry-term-to-2014/
Posted by Jo Lim on 26 February 2009
"new pricing that sees a drop in the AusRegistry wholesale price to $14 (for a 2 year licence) for com.au and net.au domains and further drops as volumes increase"

You keep quoting the same thing from 2009.
You’re literally whinging about $7 a year. Less than $0.02 per day.

While it would be great to have lower costs to register we also need to take into account what it costs IN AUSTRALIA to provide services.

The sad truth is; things in Australia cost more than their US/UK counter parts. And I don’t just mean the domain name in this case, I mean the power, rent (or rates), salaries etc.. etc..

In 8 years - the cost of running a business has risen, not lowered. So even if it had dropped, there would be no option but to increase again (and WOW would this forum blow up then!)

The new registry may be able to lower costs for now - but I’ll bet once they factor in business in Aus they’ll have no choice but to increase again at some point.

 

[Bacon Farmer]

Do you KNOW if there’s a reason (or not) they have to have some money banked?
The transparency isn’t there but there’s likely to be a reason - it’s not like they can line pockets from it or the audits would show.

There's likely to be a reason for it .... ha ha ha ha.

"The transparency isn't there..." and they delay publishing minutes and redact them to insignificance and yet you blindly trust them?

You can't be serious?

 

[Bacon Farmer]

You keep quoting the same thing from 2009.
You’re literally whinging about $7 a year. Less than $0.02 per day.

While it would be great to have lower costs to register we also need to take into account what it costs IN AUSTRALIA to provide services.

The sad truth is; things in Australia cost more than their US/UK counter parts. And I don’t just mean the domain name in this case, I mean the power, rent (or rates), salaries etc.. etc..

In 8 years - the cost of running a business has risen, not lowered. So even if it had dropped, there would be no option but to increase again (and WOW would this forum blow up then!)

The new registry may be able to lower costs for now - but I’ll bet once they factor in business in Aus they’ll have no choice but to increase again at some point.

This is Cheyne's line. Do you work for him?

This costs rising issue is just bs. How much did neustar get sold for?

When most of your costs are fixed or rise with inflation but the number of units sold doubles then you are going to be in a pretty good position!

 

[JackBeNimble]

There's likely to be a reason for it .... ha ha ha ha.

"The transparency isn't there..." and they delay publishing minutes and redact them to insignificance and yet you blindly trust them?

You can't be serious?

The transparency isn’t there is my point - no way to validate or invalidate whether there is a reason for having (what people see as) a large amount of money in the bank.

I would love to see reasons why but at the same time - there’s got to be some reason or it would just get put into pockets somewhere.

 

[JackBeNimble]

This is Cheyne's line. Do you work for him?

This costs rising issue is just bs. How much did neustar get sold for?

When most of your costs are fixed or rise with inflation but the number of units sold doubles then you are going to be in a pretty good position!

No, I don’t work there.
Not too hard to work out why I have some interest in this (as well as seeing the side of reason)

Rising costs is BS? Did you just offer to run the registry with redundancy across the country with the same uptime AusReg achieved? All while lowering your business costs, maintaining digital infrastructure and keeping share holders happy too?

 

[snoopy]

Wouldn't it be funny if the new registry price was announced as $1 per year

The supply side stuff about rising costs for the registry is a lot of nonsense in my view. The cost per domain would have fallen with rising volumes of domains under management.

 

[snoopy]

Do you KNOW if there’s a reason (or not) they have to have some money banked?
The transparency isn’t there but there’s likely to be a reason - it’s not like they can line pockets from it or the audits would show.

According to the government review response it seems to be fear of a "cyber attack" or a lawsuit.

The lawsuit is a real risk with direct registrations but I have no idea what cyberattack against auDA could cost $16 million to defend, what would they even be protecting?

Also they have tried to understate the resources they have in the govt review in my opinion.

 

[Bacon Farmer]

The transparency isn’t there is my point - no way to validate or invalidate whether there is a reason for having (what people see as) a large amount of money in the bank.

I would love to see reasons why but at the same time - there’s got to be some reason or it would just get put into pockets somewhere.

Yeah nah, there is no reason. Happy to repeat this for every post you pose the question.

 

[snoopy]

I suspect they still want to run the registry, only a guess though.

From their response,

auDA has cash holding equating to around 1.5 years operating costs. However, this is insufficient for the company to make some key strategic decisions as exercised by other ccTLDs. For example, auDA’s cash holdings might not be sufficient for it to survive a significant shock in its businessenvironment, such as a complex legal case or a sustained cyber attack.

What are the "key strategic decisions" they are talking about?

 

[Bacon Farmer]

No, I don’t work there.
Not too hard to work out why I have some interest in this (as well as seeing the side of reason)

Rising costs is BS? Did you just offer to run the registry with redundancy across the country with the same uptime AusReg achieved? All while lowering your business costs, maintaining digital infrastructure and keeping share holders happy too?

Happy to run it and make millions like these guys did. Oh no costs are rising. $118.5 million woes!

http://www.afr.com/technology/neust...technologies-for-1185-million-20150730-gio26f

And why would anyone give a stuff about shareholders profits. This is a public asset not a profit making golden goose to shake down for foreign share holders.

 

[JackBeNimble]

Happy to run it and make millions like these guys did. Oh no costs are rising. $118.5 million woes!

http://www.afr.com/technology/neust...technologies-for-1185-million-20150730-gio26f

And why would anyone give a stuff about shareholders profits. This is a public asset not a profit making golden goose to shake down for foreign share holders.

No no. You don’t get the current wholesale. You have to reduce it. You don’t get to make profit or you’ll have to post on this forum that you’re too expensive.

Also; if shareholders can’t make money, why can Domainers? Can’t have it both ways there.

 

[snoopy]

No no. You don’t get the current wholesale. You have to reduce it. You don’t get to make profit or you’ll have to post on this forum that you’re too expensive.

Also; if shareholders can’t make money, why can Domainers? Can’t have it both ways there.

Registrants should be getting the best deal possible i.e. It needs to regularly go out to tender.

 

[JackBeNimble]

No problem with that but don’t expect a business to not make money so people can save a buck.
The tender “fixes” that but at the end of the day - if there’s no money to be made why would a business take the registry?

If we race to the bottom (price) in tenders we would also get that. No innovation, no additional resources, no DNSSEC implementations. Just a straight up registry to the lowest bidder.