Besieged development company Descon Group Australia has avoided a court-ordered wind-up by liquidators of a $17m construction company collapse. Here’s how
Kathleen Skene Follow less than 2 min read October 14, 2023 - 7:00AM
Gold Coast Bulletin
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Troubled development company Descon Group Australia has avoided a court-ordered wind-up by making a last-minute payment to liquidators of a $17m construction company collapse.
Descon – whose Gold Coast projects have included the stalled Waverley Residences at Southport and Allure at Chevron Island – faces mounting debt claims and court cases, including action from the tax office over alleged unpaid tax and superannuation.
The group has been in the sights of the liquidator of formwork company,
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