News Items
Small business flattened by ‘dodgy’ builders in phoenixing epidemic
admin2020-09-21T22:17:30+10:0017 December 2019 NSW construction companies collapse at levels not seen elsewhere in the country with more criminal misconduct allegations made against them than in other states. Administrators found evidence of wrongdoing in 561 construction industry businesses that failed in NSW in 2017-18, reflecting a pattern of "phoenixing" that is difficult to prosecute because it is not illegal in all cases. Illegal "phoenixing" occurs when company directors move assets from one [...]