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ARTICLE · 23 FEBRUARY 2013

Construction Industry Insolvency Inquiry in NSW

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The Inquiry has now released a Final Report and 3 Consultation Summary Papers covering recommendations of the inquiry.

AustraliaReal Estate and Construction
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IN BRIEF

In August 2012 the NSW Government announced an Inquiry into Construction Industry Insolvency in NSW. The Inquiry released its Discussion and Issues Paper in October 2012 which proposes a number of potential remedial measures for the industry.

CONSTRUCTION INDUSTRY INSOLVENCY IN NSW

In August 2012 the NSW Government announced an Inquiry into Construction Industry Insolvency in NSW, to be chaired by Bruce Collins QC. The Inquiry came about following the collapse of numerous construction companies in Australia, including Reed Constructions and St Hilliers. In the financial year ending 2012, the construction industry accounted for 22.1% of the more than 10,000 insolvencies in Australia.

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