THE role of the Australian Taxation Office in the $7 million collapse of a 75-year-old Brisbane building products firm is being questioned by the company’s administrators.
Directors of Wacol-based Sharp Plywood, which had worked on some of the state’s most iconic public buildings, called in administrators in May after a fellow director launched a winding up action in the Supreme Court seeking a compulsory acquisition of her shares in the business.
Founded by Jack Sharp in 1945, the family business owns a substantial amount of property around its factory in the city’s southern industrial heartland. But in recent years it had struggled against a rising tide of Chinese imports.
Gavin Morton, of insolvency firm Morton & Lee, has told cre…
Read the full article at: https://www.dailymercury.com.au/news/family-company-in-7m-collapse-as-chinese-imports-t/4040518/
