Construction insolvencies are on the rise. ASIC data on external administration and controller appointments in this sector have risen between 2022 and 2024, both first-time appointments, and “all appointments” (including subsequent and transitional appointments, for example, where a company is placed into liquidation following administration or provisional liquidation).
Chart 1: The first time a company enters external administration or has a controller appointed–Industry type, FINANCIAL YEAR TO DAT
NSW is increasingly responsible for the lion’s share of these appointments (taking 40% of all appointments in 2022, 44% in 2023, and 48.4% this year).
Under a relatively new legislative remit of the NSW Building Commissioner,…
