Palmer pa­pers ac­cess de­nied

Townsville Bulletin - - NEWS - ME­LANIE PETRINEC

CLIVE Palmer has won a bid to block court ri­val Citic Pa­cific from gain­ing ac­cess to his flag­ship com­pany Min­er­al­ogy’s books.

The fi­nan­cial records were ten­dered dur­ing pub­lic ex­am­i­na­tion hear­ings into Queens­land Nickel’s col­lapse in the Fed­eral Court in Bris­bane, and Citic ap­plied for ac­cess amid a court stoush in WA with the com­pany over roy­al­ties.

But yes­ter­day, QN’s liq­uida­tors and Mr Palmer’s lawyers told the court they had reached an agree­ment for the records to only be made avail­able for the pur­pose of liq­ui­da­tion.

Mr Palmer’s lawyer, Sam Iskan­der, said Citic sought the in­for­ma­tion “for its own ben­e­fit” and was “not even a cred­i­tor” of Queens­land Nickel.

Jus­tice John Reeves re­fused to al­low Citic to ac­cess the ex­hibit.

Mr Iskan­der in­di­cated he would ap­ply for Citic to pay costs of court, but later aban­doned the move.

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