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  Issue No 45 Official Organ of LaborNet 10 March 2000  

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News

Push to Strike Out Parrish Directors


The Australian Securities and Investment Commission has been asked to investigate whether the directors of Parrish Meats should be prevented from setting up companies in the future.

Invoking rarely used sections of the Corporations Code, the NSW Labor Council has written to the ASIC to look into the provisions that allow directors to be struck out after presiding over two insolvencies within a five year period.

Under sections 599 and 600 of the Corporations Law directors who have presided over two or more companies that have gone into external administration within a seven year period owing more than 50 cents in the dollar to creditors can be prevented from managing another corporation for a period of up to five years.

While the federal government plans to remove these sections from the Code this week, Labor Council lawyers say they are to be replaced by new sections with even tougher provisions.

ASIC has already refused to investigate allegations of insolvent trading against the Parish meat directors, but has yet to look into sections 599 and 600.

The two directors - Ken Parrish and Colin Lord - appear to have been involved in other failed enterprises before the collapse of Parrish Meats in August last year left about 120 workers up to $1 million out of pocket.

According to a directorship search conducted at the ASIC, Parrish had been involved in the failure of two companies (Parrish Meats and South Coast Bulk Carcass Carriers Pty Ltd) and Lord four (Direct Acceptance Corporation, Direct Acceptance Investments, South Coast Bulk Carriers and Parrish Meats).


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*   Issue 45 contents

In this issue
Features
*  Interview: Working Women
Nareen Young talks about how services are being delivered to our most vulnerable workers - and what unions need to do to make them their own.
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*  Unions: Into the New Frontier
IT professionals are part of the new workforce that unions need to win over - and while they are often contractors, they're workers too.
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*  History: Handling The Ladies
1943 - women were filling the gap in the workforce left by the diggers abroad and Australian managers needed some advice on how to deal with these strange creatures.
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*  Technology: Building The Hypermacho Man
In a stinging critque of the �Wired� culture, Melanie Stewart Miller argues digital cultural is creating a new super-Man.
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*  International: The Long March Home
Trade union women round the world used International Women�s Day to launch the World March of Women Against Poverty and Violence.
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*  Satire: Kerosene Dilution Racket
The nursing home industry has been rocked by a new scandal with the revelation that some unscrupulous proprietors have been diluting their patients� kerosene baths with illicit liquids.
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*  Review: Power and the Back Bar
In an upcoming book, Julia Gillard argues the ALP retains a male culture that is fast losing step with contemporary society.
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News
»  Services Threatened Over Olympic Bonus
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»  Games Edict: Dance for Free
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»  Revealed: Secret State Transit Corporatisation Plans
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»  Women Demand Better Pay from Faye
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»  Telstra, Banks Whack Rural Australia
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»  Casuals Inquiry Still On Union Agenda
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»  Shaw, Sams Pay Tribute to John Whelan
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»  Teachers� Website Mysteriously Blocked
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»  Cash Bonus for Bilingual Workers
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»  Women Demand Better Pay from Faye
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»  Shareholders Push Global Action
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»  Fair Wear Conquers Schools
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»  TWU Calls on Workers to Steer Clear of Woolworths
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»  Push to Strike Out Parrish Directors
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Columns
»  The Soapbox
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»  Sport
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»  Trades Hall
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»  Tool Shed
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Letters to the editor
»  TV Show Seeks Bankrupt Worker
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»  Crosby Spot On
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»  Confused About Workplace Rights
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»  Global Campaign Against Yahoo!
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»  Teachers Row
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