David Crisafulli paid $200,000 in settling claims from liquidators who alleged a training company he was a director of may have been trading while insolvent.
Queensland Opposition Leader
Asked about the settlement, Mr Crisafulli's office told the ABC: "David met all his obligations in his short four-month tenure at a company that was in long-term trouble".Mr Crisafulli was a shadow minister during those first two payments, and opposition leader during the third. Southern Edge Training had operations from Victoria to Queensland, received government funding, and taught courses from forklift driving to hospitality training.
The collapse's timing was raised briefly in 2017, but Mr Crisafulli told parliament in 2018 he had not cut and run despite a promised capital injection not eventuating.He maintained he had worked to bring in new revenue, new ownership and streamlined costs, all while never taking pay himself. Since the ABC's report, Mr Crisafulli has responded to questions in media conferences about the 2019 liquidator investigations by referring to his earlier 2018 statements.
Dr Ang said it was unclear what measure of profitability Mr Crisafulli was referring to, but assumed it was likely accrual accounting profits, not cash.
Insolvent David Crisafulli LNP Liberal Leader Liquidation Liquidators Business Southern Edge Training Business Director Insolvent Trading Business Trading Crisafulli Settles Crisafulli Business Claims Crisafulli Director Investigation Industry Regulator Insolvency Receipts Settlement Receipts Crisafulli Pays Thousands Southern Edge Collapse Shut For Business Business Closed Down Shadow Minister Qld LNP Queensland Lnp Scott Morrison Scomo Government Funding Voluntary Liquidation Voluntary Administration SET Solutions Company Owning Company Debt Creditor Debt Collection Government Assets Crisafulli Assets Queensland Parliament Creditors Report ATO Evidence Dr Nicole Ang Accountant Accounting Overinflated Claims Incorrect Claims False Profits UNSW Creditor Payments Overstated Assets
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