MP denies he was a ‘shadow director’,saying he was entitled to produce spending decisions as a member of a joint venture committeeClive Palmer has admitted using an email alias to direct investment decisions by his collapsed Queensland Nickel business but denied this made him a “shadow director” who could be liable for breaches of corporations law.
Palmer claimed he was entitled to rule on spending as member of a committee that oversaw a joint venture in which QN, a company with “no assets and no income”, and merely ran the refinery.
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Source: theguardian.com