Court clears Ansett payouts
By Susan Murdoch
December 20, 2002
ANSETT administrators have won a court case ensuring $200 million of entitlements from the airlines' assets would not be given to a superannuation fund.
Victorian Supreme Court Justice Marilyn Warren said the money owed to the Ansett Ground Staff Superannuation Fund did not attract priority over other creditors.
Outside court, Administrator Mark Korda said the $200 million would now remain in the pool of entitlements for Ansett's 15,000 former staff.
"The money will go to employees as their entitlements rather than being paid to superannuation, which the employees wanted and voted on," he said.
The parties will be back in court on Monday for orders but administrators cannot pay out the entitlements until the 21-day appeal period has finished.