Original article by Nick Sas
abc.net au – Page: Online : 27-Sep-19

One hundred and sixty nine New South Wales-based construction companies went under in the June quarter, the most since the September 2015 quarter. This is according to ASIC figures, with the number of NSW construction companies that collapsed in 2018-19 being 101 up on the previous financial year. Industry experts suggest the increase in company failures is a reflection of the slowdown in the NSW housing and apartment sector, with Association of Independent Insolvency Practitioners president Stephen Hathway saying there is little doubt the industry is "stressed".

CORPORATES
ASSOCIATION OF INSOLVENCY PRACTITIONERS