Former Liberal National party president David Hutchinson placed Green Day Energy into administration amid a legal dispute with majority shareholder Brad Carswell. The company received a $5.5m grant from the Morrison government in April 2022.Former Liberal National party president David Hutchinson placed Green Day Energy into administration amid a legal dispute with majority shareholder Brad Carswell. The company received a $5.5m grant from the Morrison government in April 2022.
The grant was approved by the then minister for regionalisation, Bridget McKenzie, after being assessed by the government business grants hub and reviewed by a committee.from the $29m securing raw minerals program. The grant to Green Day Energy, however, does not appear to have been announced publicly until after the election.
Documents filed by administrators with Asic show the company has $1.04m in the account and claimed debts of about $147,000. All listed creditors are company shareholders, including Hutchinson and Carswell, or related entities. The court also ordered the administrators be restrained from “taking any further step” in the administration of the company, other than to preserve assets or communicate with the commonwealth in relation to the grant.A spokesperson for the department said it was aware of the federal court case and could not comment on its status.