Contents
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Commencement
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Bills
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Parliamentary Procedure
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Bills
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Parliamentary Procedure
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Bills
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Parliamentary Procedure
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Parliamentary Committees
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Parliament House Matters
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Question Time
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Grievance Debate
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Private Members' Statements
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Parliamentary Committees
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Bills
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GFG Alliance
Mr PATTERSON (Morphett) (15:06): My question is again to the Premier. Has the government sought advice on the possibility of any other creditors taking action to force GFG Alliance into administration?
The Hon. P.B. MALINAUSKAS (Croydon—Premier) (15:07): Again, the Corporations Act outlines courses of action that are available to creditors—
Members interjecting:
The SPEAKER: Members on my right will be quiet.
The Hon. P.B. MALINAUSKAS: As I'm sure the shadow minister is aware, the Corporations Act makes clear the duties that exist on directors, as I answered previously. The Corporations Act also foreshadows circumstances under which individual creditors can exercise their own rights as creditors with moneys owed to those businesses. What we would advise individual businesses to do, is that they should be able to make decisions that are in the best interests of their business, as they are afforded the right to do under the law.