The Federal Government business regulator “confirmed” a company chosen to build public housing in Wagga “was solvent” at a time it was actually insolvent, according to the NSW Government department that managed the contract.
The Land and Housing Corporation (LAHC), now called Homes NSW, chose insolvent company Matrix Group Co as its main contractor to build four government units at 16 Spring Street in late 2020 and kept paying Matrix for almost a year while the Sydney construction business was deeply in the red.
When this company officially went into…