A Brisbane civil construction company has collapsed owing in excess of half a million dollars, including more than $92,000 to employees
.Glen Norris Follow September 14, 2021 - 12:43PM The Australian Business Network
A Brisbane civil construction company that specialised in vacuum evacuation on building sites has collapsed owing in excess of half a million dollars.
Hamilton Murphy Advisory partner Stephen Dixon has been appointed liquidator of Brisbane Valley Civil, founded in 2014 by James Donovan.
Mr Donovan had over 15 years’ experience in civil construction including the Gold Coast light rail, National Broadband Network (NBN) and Lowood to Fernvale sewer line.
In 2017, Brisbane Valley Civil in response to the growing need for safe excavation on building sites expanded its services to include a fleet of vacuum trucks.
The old chestnut, don't pay the ATO or, on the other hand, pay them and it will be clawed back as a preferential payment. And, don't pay staff entitlements knowing that FEG will foot that bill.
What really concerns us is that FEG uses public funds to provide loans to Liquidators to pursue subcontractors for preferential payments.