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LIQUIDATORS APPOINTED TO ABORIGINAL CORPORATION IN MT ISA

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LIQUIDATORS APPOINTED TO ABORIGINAL CORPORATION IN MT ISA Powered By Docstoc
					LIQUIDATORS APPOINTED TO ABORIGINAL
CORPORATION IN MT ISA
The Registrar of Indigenous Corporations, Anthony Beven, has noted that on 4 January 2010
the Supreme Court of Queensland ordered that the Mitakoodi Juhnjlar Aboriginal
Corporation be wound up.

The court has appointed Mr Gerry Mier and Mr Tony Jonsson from the Cairns based firm of
KPMG as liquidators of the corporation.

In July 2009 five of the six directors of the Mt Isa based corporation wrote to the Registrar
asking for help to gain access to all records and assets of the corporation held by former
directors. The Registrar appointed a special administrator, Mr Peter McQuoid, in August
2009.

‘The records revealed that the corporation was insolvent’ Mr Beven said.

The corporation’s members agreed at a general meeting in October 2009 with the special
administrator to apply to wind up the corporation.

‘The members could not see a future for the corporation’ Mr Beven said. ‘The liquidators
will wind up the corporation and investigate the reasons for its failure.’

The liquidators can be contacted on 07 4046 8888.

Background
Directors are appointed by members of a corporation and have legal duties to care for and
govern their corporation. They are accountable to the corporation and its members.
For more information about duties of directors see ORIC’s fact sheet Duties of directors and
other officers at www.oric.gov.au.

Contact:
Lisa Donnelly on 02 6219 7611
19 January 2010
ORIC MR0910-19




          PO Box 2029, Woden ACT 2606 | 32 Corinna Street, Woden ACT 2606 | ABN: 36 342 015 855
  Freecall: 1800 622 431 | Ph: (02) 6219 7624 | Fax: (02) 6281 2739 | Email: info@oric.gov.au | www.oric.gov.au

				
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