Inquiry into Construction Industry Insolvency in NSW
The Inquiry into Construction Industry Insolvency in NSW was an inquiry established on 9 August 2012 by the state government of New South Wales in the aftermath of the financial collapse of a number of well established building /construction companies. These included Reed Constructions, Hastie Group, Kell & Rigby and St Hilliers.[1] The inquiry's stated purpose was to "safeguard the interests of sub-contractors in the sector". Sub–contractors had not been paid A$1 billion dollars.[2]
The inquiry was chaired by Bruce Collins, a Queen's Counsel. Collins has been an Independent Commission Against Corruption (ICAC) commissioner, and a Supreme Court Evaluator and Court Referee. He represents Australia on the International Chamber of Commerce’s International Court of Arbitration.[3]
The views of any interested parties were sought. Submissions closed on 14 September 2012.[3]
The Inquiry’s final report was published on 28 January 2013. It made 44 recommendations.[2][4]
References
[edit]- ^ St Hilliers were able to recover from their financial problems. "Six months later, on November 20, he (founder Tim Casey) pulled off something of a coup when the company’s creditors agreed to a deed of company arrangement (DoCA) that would allow him to regain control and continue trading. Rose, Sally (17 December 2012). "How St Hilliers survived administration". Financial Review. Fairfax media. Retrieved 3 September 2017.
- ^ a b "NSW Government Response to the Collins Inquiry: the future of the Construction Trust". www.kwm.com. King & Wood Mallesons. 2 April 2013. Archived from the original on 29 January 2021. Retrieved 24 January 2021.
- ^ a b "Government Inquiry Into Construction Projects" (Press release). New South Wales State Government. 9 August 2012. Retrieved 10 September 2012.
- ^ Collins, Bruce (18 April 2013). "NSW Government response to the Independent Inquiry into Construction Industry Insolvency". DFS Updates & Events. Department of Finance & Services. Archived from the original on 18 November 2013. Retrieved 7 August 2013.
Sources
[edit]- Govt. inquiry into Perle insolvency. 14 August 2012 coffscoastadvocate.com.au Coffs Coast Advocate Retrieved 11 September 2012
- "Media release: Government Inquiry into Construction Projects" (261 KB) (pdf), New South Wales Government, Retrieved 11 September 2012
- "Terms of Reference" (26 KB) (pdf), New South Wales Government, Retrieved 11 September 2012
- "Media Release: Submissions Called for Construction Inquiry "- 20/8/12 (274 KB) (pdf), Greg Pearce MLC (Minister for Finance and Services), Retrieved 11 September 2012
- "Media Release: Strong Industry Support for Building Inquiry "- 27/08/12 (82 KB) (pdf), Greg Pearce MLC, Retrieved 11 September 2012
External links
[edit]- Official website "Inquiry into Construction Industry Insolvency"
- "Final Report" (PDF). Independent Inquiry into Construction Industry Insolvency in NSW. Archived from the original (pdf-4.2MB) on 26 January 2014. Retrieved 7 August 2013. 570 pages
- "Summary" (PDF). Government's response. Archived from the original (pdf-129kB) on 2 January 2014. Retrieved 7 August 2013.
- "Collins Inquiry Recommendations and Responses" (PDF). Archived from the original (pdf-208kB) on 18 February 2014. Retrieved 7 August 2013.