‘Green coal’ company owned by LNP figures received $5.5m grant a week before Morrison government entered caretaker mode

Exclusive: Green Day Energy has had its bank account frozen after going into administration amid a legal dispute between its owners

Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcast

A fledgling “green coal” company owned by two Queensland Liberal National party figures has had its bank account frozen and become mired in legal action, 18 months after being awarded a $5.5m commonwealth grant in the dying days of the Morrison government.

Guardian Australia can reveal the federal government is “considering its position” in relation to the grant to Green Day Energy, after the company was placed in voluntary administration by director David Hutchinson, the former LNP president. Hutchinson is being sued by Green Day’s largest shareholder, Brad Carswell, a former party official and candidate.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading…

Read More

Law (Australia) | The Guardian