Credit/Reference: https://au.news.yahoo.com/thewest/a/31335630/clive-palmer-treated-queensland-nickel-as-200m-piggy-bank/#page1

Question 1

Mr Palmer owns 100 percent interest in Queensland Nickel Pty Ltd through two companies he controls and his nephew, Mr Mensink, is the sole director of Queensland Nickel. The Administrators believe that Mr Palmer should be examined by ASIC for breach of s184 of the Corporations Act. Do you agree with this view? Give legal reasons for your answer.  (World limit 1300)

Question 2

Queensland Nickel remained trading up to the appointment of the administrators on 18 January 2016. The administrators determined that the company became insolvent no later than 27 November 2015. If that was the case, could Mr. Palmer be liable under s588G? (World limit 250)

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