Gold Coast mining magnate Clive Palmer is running out of time to sort out safety issues at his Townsville nickel refinery.
He has one week to take control or the Queensland Government will step in and take action.
Queensland Nickel Sales took over the job of running the refinery in February.
ARTICLE CONTINUES AFTER THIS ADVERTISEMENT
But the Sydney Morning Herald reports QNS is yet to transfer the major hazard facility licence, which requires the operator to meet stringent safety conditions, from administrators FTI Consulting.
Workplace Health and Safety Queensland announced on Thursday that QNS had until July 20 to voluntarily declare itself the operator or it would be given the status regardless.
In March more than 500 refinery workers lost their jobs after the business entered voluntary administration. Recently Mr Palmer said it would be up to the sacked workers to reapply for their old jobs.