Palmer to sue Qld Nickel administrators

Posted May 17, 2016


Sunshine Coast politician and businessman Clive Palmer says he and two of his companies will serve a statement of claim seeking $1.2 billion in damages over the handling of the administration of Queensland Nickel.

The action directed at administrator John Park and FTI Consulting would centre on “aiding and abetting a breach of trust and causing serious breaches of the Queensland Nickel Joint Venture Agreement by Queensland Nickel”, he said

Mr Palmer argued that the company’s Yabulu refinery near Townsville would still be operating if Mr Park hadn’t sacked everyone and that the special-purpose liquidator appointed to the matter should commence proceedings against the administrator to recover worker entitlements.

Queensland Nickel was put into voluntary administration in January, days after 237 workers were sacked, and its closure has affected almost 800 further workers.

A subsequent FTI Consulting report recommended winding up the operation and indicated the refinery could have survived poor nickel prices if millions of dollars had not been shifted to Mr Palmer’s other interests, including his political campaign.

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