In brief The Supreme Court of Victoria has found liquidators can be made personally liable for clean-up costs in respect of land that was, on their appointment, polluted or environmentally hazardous as “occupiers” under the Environment Protection Act 1970 (Vic) (EP Act). A disclaimer notice issued by the liquidators in respect of polluted property was set aside, preserving the liquidators’ indemnity from a related third party for that environmental liability. This left the liquidators (and…
Need to know
What is the Queensland ‘chain of responsibility’ law and how might it affect you?
The Queensland government has now passed amendments to the Environmental Protection Act 1994 (Qld) which may impact significantly on the approach lenders and investors take to financing or investing in mining or industrial projects in Queensland, especially where the project may be at risk of being in financial distress.