Arrest warrant out for former billionaire

AN ARREST warrant has been ordered for former billionaire Nathan Tinkler after he failed to appear at the Supreme Court in Adelaide.

The embattled former coal mining mogul was ordered to face the court on Monday for an investigation into the liquidation of his thoroughbred farm in the Gold Coast hinterland, Patinack Farm.

The horse stud collapsed almost three years ago, leaving creditors owed more than $5 million.

Judge Steve Roder said there was "no reasonable excuse" for Tinkler's absence.

The court heard Tinkler's lawyers had been seeking an adjournment, but they had recently been sacked.

Counsel for liquidator Anthony Matthews, Mark Douglas, said Tinkler had shown "flagrant disregard" for the court and would need to be "apprehended, brought back to South Australia and then held in custody" if he did not make contact with authorities.

"Mr Tinkler was clearly aware that this was going on this morning," he said.