Tasmania’s Liberty Bell Bay manganese smelter went into voluntary administration in March Photo: Ethan James/AAP PHOTOS
The corporate regulator has dropped legal action that could have wound up Australia’s only manganese smelter.
A buyer is being sought for the troubled Liberty Bell Bay in northern Tasmania, which went into voluntary administration in March.
The smelter, which was a subsidiary of GFG Alliance, owned by controversial businessman Sanjeev Gupta, has been sitting idle for almost 12 months.
Corporate regulator ASIC announced on Thursday it had dropped Supreme Court action taken against Liberty Bell Bay over an alleged failure to lodge tax returns over five financial years.
ASIC had accused Liberty Bell Bay of failing to abide…