The state’s building industry regulator has revealed it will take action against a Brisbane building company, which collapsed owing creditors $1.6 million.
Chris Herde, The Courier-MailSubscriber only|May 21, 2020 2:43pm
THE Queensland building industry regulator is preparing to take action against the director of a Brisbane-based builder which has collapsed owing creditor $1.6 million.
Bulkbuild Pty Ltd went into voluntary administration on Monday while its workers were still working on a West End apartment site.
The company is based in Mansfield and sole director and chairman Digen Hur has not returned phone calls.
According to a Queensland Building and Construction Commission spokesman Bulkbuild’s licence was suspended on March 11 for its failure to meet minimum financial requirements.
He said following the QBCC’s action, legal and financial documentation subsequently provided by the company showed that it had taken steps to improve its financial position to the point where it met its financial requirements and the licence was reinstated on April 7.
“As the company has entered into administration, the QBCC has commenced actions which could see the company’s director and any other influential persons excluded from the building industry for three years,” the spokesman said.
Morton + Lee Insolvency director Leon Lee is handling the voluntary administration and will meet with creditors on Thursday.