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

  1. ^ 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.
  2. ^ 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.
  3. ^ a b "Government Inquiry Into Construction Projects" (Press release). New South Wales State Government. 9 August 2012. Retrieved 10 September 2012.
  4. ^ 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