"I have never worked for just about any federal government overall body or simply at the time experienced official employment with a public business in PNG."
He said the only real capability he experienced acted in was "introducing persons to prospective possibilities in PNG".
"With volatility spiking it was tricky to argue the Australian market wouldn't turn into embroiled in an aggressive selloff," Mr Danger reported.
It's now sparked controversy in PNG with politicians elevating problems regarding how the $43 million fund, which belonged to the government-owned entity often known as the Motorized vehicle Insurances Restricted (MVIL), was sent out with the country in 2009.
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"If I had the benefit of hindsight on the time I might have taken reverse positions and been hailed being a hero," McNamara claimed. "While in the activities which happened my self-assurance while in the power on the Australian overall economy and its markets wasn't justified and I misplaced my consumer funds.
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MVIL's professional witness Robert Danger, a monetary assets trader in Australia specialising in spinoff investing and fiscal financial commitment, alleged that in June 2011, Woodlawn's financial commitment strategy exposed MVIL to "substantial risk".
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The money is currently the subject of a courtroom scenario in NSW involving The cash administrators and Papua New Guinea's 3rd-party motor vehicle insurer, which owns the money.
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Two Sydney dollars administrators have demanded about $23 million in fees for 2 years perform investing Papua New Guinea taxpayer money, a number of which dropped in price by about $10 million.