The director of a failed builder has claimed he did clients a favour by transferring contracts to a company run by his wife shortly before the company collapsed leaving tradies and customers millions of dollars out of pocket.
ALISTER THOMSON, Gold Coast Bulletin Subscriber only|October 1, 2019 1:16pm
THE director of a failed builder has claimed he did clients a favour by transferring contracts to a company run by his wife shortly before the company collapsed leaving tradies and customers millions of dollars out of pocket.
Queensland One Homes sole director Paul Callender gave evidence this morning on the second day of a five-day public hearing into the collapsed builder in the Federal Court in Brisbane.
Q1 Homes went into liquidation in July, 2017, owing more than $5.8 million to more than 130 tradies and taxpayers and leaving families with incomplete homes.
The hearing is the fulfilment of an election-even funding promise from the State Government and seeks to examine Q1’s business model in detail and what led to the company’s failure.
Edward Moon, appearing as counsel for the examination, asked Mr Callender why building contracts were signed over to Empire Constructions in late June, shortly before Q1 went into administration.
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