LNC 0.00% 99.5¢ linc energy ltd

Creditors Meeting today, page-7

  1. 877 Posts.
    Lock,

    Probably no need to be quite so reactive...

    I looked up the Bill. Here:

    FAQ. "Will the Bill expose shareholders, banks or others associated with the project to liability?"

    Answer. "The provisions of the Bill are drafted to capture those responsible for environmental harm, whether through their ability to profit from carrying out the activity or through their ability to influence compliance with environmental requirements on the site.

    The Bill is not intended to capture genuine arm’s length investors, particularly not those with only a small interest in the company.

    Whether an individual or company is exposed to liability will depend on whether they are a ‘related person’ of the company carrying out the environmentally relevant activity. The related person test established by the Bill is intended to allow the Department of Environment and Heritage Protection to identify the true nature of the relationship between the company carrying out the environmentally relevant activity and those entities which either benefited from its activities or which had the ability to influence the company’s compliance with environmental obligations."

    https://www.ehp.qld.gov.au/management/env-policy-legislation/policy-legislation-faqs.html
 
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