The state’s building watchdog has come down hard on a national construction firm it claims has been flouting financial laws.
A Queensland construction company undertaking more than $120m in work each year has been sensationally stripped of its building licence after failing to prove its financial security.
The state’s Queensland Building and Construction Commission has suspended the licence of Mirage Doors, which has operated since 1966, under the state’s minimum financial disclosure laws.
It means the company must not undertake any building work while the licence remains suspended.
QBCC Commissioner Brett Bassett said the enforcement followed a drawn-out compliance effort.
“The directors of this company need to abide by the laws and prove to us that the company has the asset base to support the actual turnover,” he said.
“There has been a fair legal process to get to this point, without appropriate action from the company directors, so it leaves the QBCC with no choice but to suspend the licence until they can get their house in order.”