Building companies are being put on notice that they will be banned from the industry if they have links to past financial mismanagement, under WA Government laws to stamp out “phoenixing”.
The Building Services Board will move to exclude contractors where there is clear evidence that an officer has been involved in a previously insolvent construction business that failed to be reasonably managed. Exclusion can be at registration, renewal or when an insolvency event occurs.
That message is underlined by a recent decision involving Perth Building Group Pty Ltd, whose application for registration as a building contractor was refused after the Board declared it a temporarily excluded contractor, barring it from registration for three years…