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August 13, 2019 By subbiesu Leave a Comment

JM Kelly figures given to building watchdog in doubt

by Glen Norris13th Aug 2019 5:45 PM 
 Subscriber only

FINANCIAL figures provided to the building watchdog by the failed JM Kelly Group in order to keep its building licence might not have been accurate, a court has heard.

JM Kelly Builders general manager John Murphy has today told the Federal Court how in the lead up to liquidation the company provided figures to the Queensland Building and Construction Commission to show it has the required assets to keep operating.

But Murphy, who was giving evidence at a public examination by the liquidator into the $50 million collapse of the group last year, said the company had to meet an unreasonable deadline to provide the figures and he could not vouch for their accuracy.

"I can't say if these figures are accurate or inaccurate," Mr Murphy said. "We told the QBCC that the figures might not be robust because of the unreasonable time frame."

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ABOUT US

SubbiesUnited is not “anti builder”, we support strong builders.
We are “anti theft” of hard working subbies money.

It’s not just about the builders who go broke, businesses all over Australia Liquidate every day for a variety of reasons.

It’s about the ones that engage in calculated criminal behaviour such as providing false information to the regulators or inducing subbies to work on a site when they know they cannot or are not going to pay them because of a fraudulent scheme. Its about the participation of the banks, pre insolvency advisors and builder appointed Liquidators to fraudulently defeat creditors.

Liquidators should always be appointed by creditors to ensure a thorough investigation takes place.

We want the rogues investigated and prosecuted for fraud so our goal is to pressure the Queensland Government to set up a fully funded Police Task Force to investigate and prosecute Construction Industry fraud.


  • SubbiesUnited was created to provide subbies with collaborative information on building companies that are showing signs of insolvency or struggling to pay their creditors. The signs are always there, we just need to get the message to each other before it happens.
  • We provide subbies with up to date news on builders in Administration or Liquidation and the best strategies to get a return.
  • There are some extremely litigious builders out there who would rather sue you than pay you. Often they sue you so they don’t have to pay you. We will expose them.
  • The construction industry is renowned for building companies setting up illegal Phoenix operations, shifting assets, then liquidating sending subbies broke. We work with other subcontractor & supplier organisations & Governments to stop what amounts to legalised theft on a massive scale though pre packaged liquidations. Insolvency is used as a means to defraud Subbies.
  • Our aim is to limit the financial damage before it happens with our “members only forum”, an early warning system for the benefit of all our members.

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