The state’s construction industry regulator has had a win against longtime Gold Coast developer Jim Raptis, the man who built Surfers Paradise’s Hilton towers.
Alister Thomson, Business Editor, Gold Coast Bulletin Subscriber only|January 1, 2020 12:00am
THE state’s construction industry regulator has had a win against Jim Raptis with the Court of Appeal upholding its act to strip his licence due to one of his businesses entering administration in 2014.
But it will have no effect on Mr Raptis’s business because the ban expired in September last year.
In March, Supreme Court Justice David Boddice issued a 17-page judgment stating notices issued by the Queensland Building and Construction Commission (QBCC) to Mr Raptis and his companies Ezra Constructions and Garnet Constructions in April 2018 be set aside.
The effect of the QBCC notices was to declare Mr Raptis an excluded individual who could not hold a licence where he was in control of a company for five years because of the appointment of administrators to his company RT2.
Mr Raptis and his son Evan are currently developing a 21-storey tower in Broadbeach called The Gallery.
The Raptis development company is not linked to the listed Raptis group, which the elder Raptis chairs.
RT No. 2 was placed into external administration with debts of $3.54 million in September 2014.
The company was used during the development of the three-tower Sapphire project in Labrador.
Mr Raptis, after the QBCC notices were issued, went to the Supreme Court saying the QBCC had not given him the right to be classified as a permitted individual, which would mean he could keep his licence.
The case hinged on the interpretation of the QBCC Act, which was amended in October 2014, with the relevant new sections commencing in July 2015.
The QBCC took action against the Raptis group under the previous laws, under which the person or company threatened with exclusion had the right to apply to be a permitted individual.