A GOLD COAST home builder formerly in the top 50 in Australia has been suspended from the industry for failing to pay subbies and suppliers.
The Queensland Building and Construction Commission announced today it has suspended the building licence of Helensvale-based QNV Constructions (Qld), which is headed up by chief executive Chris Eaton.
The industry regulator said QNV failed to comply with financial requirements, including not paying moneys owed to subcontractors and suppliers totalling more than $174,000 following 11 complaints.
QBCC Commissioner Brett Bassett said it first suspended the builder’s licence in December last year.
“On December 7 2018, QNV Constructions (Qld) exercised its right to dispute the action in QCAT, and the tribunal ruled in favour of upholding the suspension on January 15 this year,” he said.
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He said the QBCC has managed to recover $75,111.11 of the total $174,239.73 owed subcontractors and suppliers.
“QNV Constructions (Qld) is a Category 3 company, meaning its total value of work can be between $12 million and $30 million each year,” he said.
“It doesn’t matter how big you are. If you don’t pay your subcontractors and suppliers on time, you may face disciplinary action.”
Mr Bassett said QNV Constructions (Qld)... read the story here.
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