Bob Katter (Kennedy, Independent) Share this | Hansard source

My question is to the Treasurer. Is the Treasurer aware that Innisfail’s South Johnstone mill, in perfect order, was sold by a liquidator for around $15 million to a company that had, at the time, built a mill with half South Johnstone’s capacity for reportedly $85 million? Much worse, this sale took place when the liquidator was aware of a second offer coming forward, involving existing farm owners and four of Queensland’s most reputable companies. Without even knowing what this offer entailed, the liquidator sold to the first offeror, a major customer of the mortgagee. Since mortgagors are sold up like this regularly, inflicting similar hardship, could the minister assure the House that his officers, already doing a very good job, will set a good example and pursue this case to the conclusion which the interests of justice and equity demand?

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