The Phoenix Taskforce comprises over 20 Federal, State and Territory government agencies, including the ATO, Australian Securities & Investments Commission (ASIC), Department of Employment, and the Fair Work Ombudsman.
Our client obtained Supreme Court judgment for an amount of $1.64 million. Shortly thereafter, the defendant company was placed into voluntary administration by its director.
A large percentage of small to medium sized enterprises collapse within the first three years of commencement for various reasons, ranging from the lack of working capital, lack of strategic direction to poor planning, cash flow management and record keeping.
The new Building Industry Fairness (Security of Payment) Bill 2017 (Qld) will see the introduction of Project Bank Accounts, and the repealing and replacement of the Building and Construction Industry Payments Act 2004 (Qld) (‘BCIP Act’) and Subcontractors’ Charges Act 1974 (Qld).