InQueensland

NEWS •⁠ POLITICS •⁠ BUSINESS •⁠ CULTURE

Get InQueensland in your inbox Subscribe

Court finds Palmer's Qld Nickel was insolvent, but Mineralogy cleared

News

Clive Palmer’s failed Queensland Nickel refinery was insolvent in the days before administrators were called in, a judge has found.

Print article

But Justice Debra Mullins dismissed the liquidators’ claim against Palmer’s flagship company Mineralogy that it was indebted to QNI.

The judgment follows a mammoth Supreme Court civil trial into the company’s 2016 collapse, which left 800 people out of work.

Palmer settled the majority of the $200 million lawsuit last year — including agreeing to repay $66 million in taxpayer funds forked out for sacked worker entitlements.

But general-purpose liquidators continued to pursue his companies in court for the remaining claims.

– ABC / Kate McKenna

More News stories

Loading next article