4 July 2016 Fishing Club Goes into Liquidation despite Trust’s Request to Minister

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4 July 2016 Fishing Club Goes into Liquidation despite Trust’s Request to Minister

The Coffs Harbour Deep Sea Fishing Club Ltd has been placed in liquidation despite a request from Council as the Trust Manager to Niall Blair, NSW Minister for Lands and Water, for approval to negotiate a new lease with the Club.

In a letter, the Deputy Director General, Department of Industry – Lands, said:

“The Department was only informed on Thursday 30 June 2016 that the Club would go into liquidation on Sunday 3 July 2016.  While I understand that there may be a financing proposal, due to the lateness of this advice regarding liquidation, the Department is not able to finalise the due diligence and probity processes necessary to support consent for such a lengthy extension to a use of public land.”

Council understands from the Deed Administrator that the Club will go into liquidation due to the funds payable by the financier under the Deed of Company Arrangement not being paid by the expiry date of the Deed.

“Obviously this turn of events is disappointing for all concerned,” said Coffs Harbour Mayor Councillor Denise Knight, who championed the Club’s cause and was instrumental in putting the proposal to the NSW Government through Council’s role as the Coffs Coast State Park Trustee.

“We were particularly hopeful that the Trust’s request for the support of Andrew Fraser, the local State MP, in taking the cause directly to the Minister in Sydney would help the Club get their proposal over the line in quick time. However, despite Andrew’s confidence, it seems the Administrators have acted first.”

The Coffs Harbour Deep Sea Fishing Club Ltd had requested an extension of its current lease from 2021 until 2031, based on a business proposal to redevelop the site provided to the Trust on 4 May 2016. The Trust agreed to pursue the proposal and sought the necessary approval from the Minister after its meeting on 26 May 2016.

The Trust is now working with individuals and community groups to ensure the facility will continue to be used for the benefit of the Coffs Harbour community.  The longer term use of the site will be considered further in coming months.​