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Day donations to be scrutinised

AAP logoAAP 4/11/2016

Donations from former senator Bob Day to the Family First party will be scrutinised by the liquidators of his Home Australia group, creditors have been assured.

Liquidators told a meeting of creditors in Adelaide that the donations were thought to have come from Mr Day's trust.

"We will get the accounts. We will look at those payments," liquidator Matthew Caddy told the meeting on Friday.

"My understanding is essentially a dividend was paid, I assume from the parent entity Home Australia, into Mr Day's trust.

"And then, according to his account, he was paid that dividend and then he went and essentially paid those monies to his party."

Friday's meeting was also told that creditors of Mr Day's South Australian company Homestead Homes should not expect to recover any funds.

More than 150 unsecured creditors are owed $4.9 million but Mr Caddy said it was almost certain there would be no money available.

Across the Home Australia group, which had individual businesses in SA, NSW, Victoria, WA and Queensland, there are more than 300 creditors owed about $11 million.

Mary Haas, who owns an Adelaide cabinet-making business with her husband, said Mr Day owed them about $700,000.

She said they would be OK but the same might not be said for other subcontractors with families and kids to feed.

"It's just one of those things. I knew we woudn't get anything," she said.

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