Growers look to good faith clause on insolvency clawbacks

Gregor Heard
Updated April 2 2019 - 11:16am, first published April 1 2019 - 6:00pm
Growers will be able to argue they had no prior knowledge of Lempriere Grain's problems if they were paid in the past six months.
Growers will be able to argue they had no prior knowledge of Lempriere Grain's problems if they were paid in the past six months.

NERVOUS growers concerned about the potential for the administrators of Lempriere Grain to try and take back thousands of dollars paid to them under clawback provision in the Corporations Act will likely look to a good faith clause in the rules.

Gregor Heard

Gregor Heard

National Grains Industry Reporter

Gregor Heard is ACM's national grains industry reporter, based in Horsham, Victoria. He has a wealth of knowledge surrounding the cropping sector through his 15 years in the role. Prior to that he was with the Fairfax network as a reporter with Stock & Land. Some of the major issues he has reported on during his time with the company include the deregulation of the export wheat market, the introduction of genetically modified crops and the fight to protect growers better from grain trader insolvencies. Still involved with the family farm he is passionate about rural Australia and its people and hopes to use his role to act as an advocate for those involved in the grain sector.

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