CREDITORS have voted to liquidate failed Tasmanian timber company Gunns. About 80 people owed money by the former timber giant attended a second creditors meeting in Launceston today, organised by administrator PBB Advisory. "The creditors resolved unanimously to wind up the Gunns group of companies," PPB's Daniel Bryant told reporters. Mr Bryant said PPB, now the liquidator, would examine whether recovery could include action against former directors. Creditors had been offered little choice after a detailed report from PPB released last week found they were unlikely to see any money. The report concluded Gunns has debts of about $3 billion and recommended liquidation. It said workers' entitlements, totalling about $10 million, would be paid.
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What Was 'TAP Into A Better Tasmania'?
TAP formed in January 2004 and was known originally as TRAC. TAP is not an environment group and is not politically-aligned. We have fought for 14 years to stop Gunns and the State and Federal Governments from building a 1.1million tonnes PA pulp mill in a valley that is home to 100,000 people on the island of Tasmania.
In 2006 TRAC became TAP Into A Better Tasmania. TAP is the oldest of the groups opposed to Gunns pulp mill. TAP is also the first community group in Tasmania to oppose industrial tree plantations.
TAP has prevailed over almost insurmountable odds to prevent dangerous, corrupt and irresponsible people from degrading the Tamar Valley of Tasmania. TAP uses imaginative and bold actions to defend Tasmania from Gunns, their successors and their political cronies. TAP provides a stimulating informaton forum in the Tamar Valley.
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