❓ Dr. Steve Thomas questions the government regarding Griffin Coal's insolvency, specifically concerning notification dates, the period of insolvent trading, and contract renegotiations/cancellations by the liquidator. The government provides limited information, citing commercial sensitivity.
AnsweredQoN 120Legislative Council
QuestionView source ↗
GRIFFIN COAL — LIQUIDATOR
120. Hon Dr STEVE THOMAS to the minister representing the
Minister for State Development, Jobs and Trade:
The minister has the answer to
C107, so I will give him that one.
I refer to the appointment of Cor
Cordis as the liquidator of Griffin Coal.
(1) On what date was the government
formally notified of Griffin's insolvency?
(2) For what period did the
liquidator indicate that Griffin had been trading insolvent?
(3) As of 20
February 2023, has the liquidator sought to cancel or renegotiate any contracts
that it believes are not in the best interest of Griffin creditors?
(4) If yes to (3), what contracts
have been flagged for cancellation or renegotiation?
(5) What
indication has the government given the liquidator on the likelihood of those
contracts being renegotiated or cancelled?
120. Hon Dr STEVE THOMAS to the minister representing the
Minister for State Development, Jobs and Trade:
The minister has the answer to
C107, so I will give him that one.
I refer to the appointment of Cor
Cordis as the liquidator of Griffin Coal.
(1) On what date was the government
formally notified of Griffin's insolvency?
(2) For what period did the
liquidator indicate that Griffin had been trading insolvent?
(3) As of 20
February 2023, has the liquidator sought to cancel or renegotiate any contracts
that it believes are not in the best interest of Griffin creditors?
(4) If yes to (3), what contracts
have been flagged for cancellation or renegotiation?
(5) What
indication has the government given the liquidator on the likelihood of those
contracts being renegotiated or cancelled?
AnswerView source ↗
I thank the honourable Leader of
the Opposition for some notice of the question.
(1)–(2) The
Griffin Coal liquidators released a report on 13 December 2022 that indicated
that it is the liquidator's view that Griffin Coal may have been
insolvent as at 30 September 2022.
(3)–(4)
This is a commercially sensitive matter and any action or disclosure on this
matter is a decision for the liquidator.
(5) The
government has not made any indication.
the Opposition for some notice of the question.
(1)–(2) The
Griffin Coal liquidators released a report on 13 December 2022 that indicated
that it is the liquidator's view that Griffin Coal may have been
insolvent as at 30 September 2022.
(3)–(4)
This is a commercially sensitive matter and any action or disclosure on this
matter is a decision for the liquidator.
(5) The
government has not made any indication.
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