Senator Rod Culleton has been declared bankrupt after a hearing in the Federal Court in Perth and faces being barred from serving in the Senate, with the judge granting a 21-day stay on the order.
The verdict against Senator Culleton follows legal action brought against him by creditor and former Wesfarmers boss Dick Lester to have him declared bankrupt.
Under section 44 of the constitution, a senator who is declared bankrupt or insolvent is disqualified from serving in the Senate.
Their position is immediately vacant.
Senator Culleton reacted to the verd…
Read the full article at: http://www.abc.net.au/news/2016-12-23/senator-rod-culleton-bankrupt/8144758