Prime Minister Malcolm Turnbull has urged Clive Palmer to “put his money up” to help workers sacked from the Queensland Nickel refinery, saying it is the least the magnate could do.
Key points:
- Taxpayer-funded scheme would be a last resort
- Outstanding entitlements are about $73 million
- Clive Palmer “morally obliged” to pay workers’ entitlements, Michaelia Cash says
Taxpayers may have to fund more than $70 million in payouts for Queensland Nickel (QNI) workers if the company goes into liquidation.
Administrators FTI Consulting recommended winding up the Townsville-based operation, with creditors due to vote on the decision later this month.
Sacked worke…
Read the full article at: http://www.abc.net.au/news/2016-04-13/clive-palmer-queensland-nickel-taxpayers-will-fund-payouts/7321998?section=business
Taxpayers may have to fund more than $70 million in payouts for Queensland Nickel (QNI) workers if the company goes into liquidation.
Key points:
- Taxpayer-funded scheme would be a last resort
- Outstanding entitlements are about $73 million
- Clive Palmer “morally obliged” to pay workers’ entitlements, Michaelia Cash says
Administrators FTI Consulting recommended winding up the Townsville-based operation, with creditors due to vote on the decision later this month.
Sacked workers are owed in excess of $73 million from the company, which FTI Consulting said had suffered under the “reckless” actions of Clive Palmer and his nephew and former QNI director Cli…
Read the full article at: http://www.abc.net.au/news/2016-04-13/clive-palmer-queensland-nickel-taxpayers-will-fund-payouts/7321998