In a very rare move, the federal government plans to use its position as a creditor to call for the appointment of a special purpose liquidator to recover taxpayers funds from Clive Palmer and associated entities. This follows a report from the administrators of Queensland Nickel, which suggested Clive Palmer could be held liable as a shadow director.
The Government will also release funds from the Fair Entitlements Guarantee (FEG) fund for the workers sacked by the company, amounting to more than $70 million.
Palmer described the report and the governments moves as a political witchhunt. One thing is for sure, its going to turn up the heat on Clive Palmer.
So what does a special purpose liquidator do?
Queensland Nickel i…
Read the full article at: http://theconversation.com/special-purpose-liquidator-for-queensland-nickel-will-turn-up-the-heat-on-clive-palmer-57871