Future of up to 100 homes clouded as ATO issues Simsai Construction Group with wind-up order

Up to 100 WA property owners are sweating on the future of a high-profile building group that appears to be teetering on the edge of collapse after it was issued with a wind-up order by the Australian Taxation Office. In a fresh blow to the country’s building sector, Simsai Construction Group’s future remains clouded as it prepares to face a Federal Court hearing over the matter on November 14, a notice published by ASIC shows.

“Building and Energy understands Simsai has several works in progress. As part of its assessment, Building and Energy will seek details from the company about these projects,” a spokesperson said. “We are unable to release information about any complaints or investigations that may be in progress.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Up to 100 homes in limbo as builder faltersOne of Perth’s biggest builders appears to be on the ropes financially as the Australian Taxation Office issues it with a wind up order.
Source: newscomauHQ - 🏆 9. / 77 Read more »