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    <p>Methodist Ladies' College principal Rosa Storelli was stood down right after 15 years primary the Kew-based school, with all the board unanimous in its choice.</p><p>In a letter addressed to dad and mom yesterday, the chairwoman in the school's board, Louise Adler, explained Ms Storelli's place had turn out to be &quot;untenable&quot; just after a six-month-long audit of your school's finances revealed &quot;serious issues&quot;.<br /><br />&quot;The review ... revealed, amongst other matters, significant overpayments of remuneration to Ms Storelli,&quot; the letter said.<br /><br />&quot;The board has not accused Ms Storelli of any dishonest conduct or fraudulent behaviour.<br /><br />&quot,<a href="http://www.sacgucci-vip.com" target="_blank" style="text-decoration: none;">Acheter Gucci</a>;However, over the past six weeks,<a href="http://www.belstaffoutletsale.org" target="_blank" style="text-decoration: none;">belstaff outlet</a>, the board has discussed these matters with Ms Storelli in an attempt to resolve them.<br /> <br />&quot;Disappointingly, a resolution could not be reached.&quot,<a href="http://www.sacgucci-vip.com" target="_blank" style="text-decoration: none;">Sac Gucci Pas Cher Soldes</a>;</p><p>Ms Adler has this morning refuted claims by Ms Storelli, but refused to go into detail.</p><p>&quot;The former principal is obviously very distressed and her version of events is not accurate,&quot; Ms Adler said</p><p>&quot;We're very sorry that she feels so distressed as to have to go into the public arena. It's very distressing.&quot;</p><p>Ms Adler confirmed that Ms Storelli had been offered a new five-year contract in March.</p><p>She said Ms Storelli was included in board discussions about &quot;the repayment of these overpayments&quot;.</p><p>Ms Storelli told 3AW this morning that she first realised she had been overpaid on January 18 this year, and immediately informed Ms Adler and the board.</p><p>The payments are believed to be in relation to nanny fees with her salary packaging, 3AW reported.</p><p>Ms Storelli said she had been prepared to return any overpayments, but that the board had denied her request for an independent financial expert to oversee the process.<br /><br />&quot;I wanted a fair hearing...and I've been denied that,'' Ms Storelli told 3AW.</p><p>Ms Storelli told the Jon Faine program on ABC radio this morning that she had been given a new five-year contract as MLC principal in March this year, and accused the board of &quot;gross mismanagement&quot;.<br /><br />&quot;I wanted a fair process and I believe they denied me natural justice,&quot; she stated.<br /><br />Ms Storelli stated the board itself should &quot;without a doubt&quot; be sacked.<br /><br />She said she felt bullied by the board.</p><p>&quot;I feel angry and hurt and dismayed that that accusation or allegation, incorrectly, possibly deliberately, has gone out to my college community who I have worked hard for for 20 years,&quot; she told 3AW.</p><p>Ms Adler told last night the issue related to Ms Storelli's own finances. <br /><br />Asked how the overpayments occurred, Ms Adler replied: &quot;The way she conducted her remuneration arrangements and the way she managed them resulted in overpayments.&quot;<br /><br />She said the overpayments related to Ms Storelli's own salary and involved &quot;a significant amount of money&quot;.</p><p>A Fairfax report stated that Ms Storelli was overpaid by more than half a million dollars over 15 years.<br /><br />Ms Adler assured families the university, which charges annual student fees of up to $22,000, &quot;remains in a stable and robust financial position&quot;.</p><p>Ms Storelli was appointed in 1997, becoming MLC's first female principal.</p><p>At the time, she reflected on the fact it had taken 114 many years for the school to give a woman the top job.<br /><br />&quot;Young women today need to see women in positions of decision-making all around them, and it is sad that it has taken this long,&quot; Ms Storelli stated at the time.<br /><br />&quot;As soon as I went out into the workforce, I realised I had to work hard for girls to ensure they had the same opportunities as boys.&quot;<br /><br />A senior administrator from a neighbouring college explained Ms Storelli was considered a &quot;shining light&quot; among college leaders.<br /><br />&quot;We've always held Rosa in the highest of regards, as a teacher and an administrator . . . as good as any principal going around,&quot; the administrator mentioned.<br /><br />&quot;She was going to be the head(master) of all heads. I hope she hasn't done anything to (damage) her copy book.&quot;<br /><br />Ms Adler said vice principal Debbie Dunwoody had been appointed acting principal, while an &quot;international search&quot; for Ms Storelli's replacement begins.</p>
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