If you are in the building industry in Queensland, chances are you or your company holds a license issued by the Queensland Building and Construction Commission (“QBCC”). The QBCC is a statutory body set up to regulate the construction or building industry. ...
Directors of building companies are liable for claims by the QBCC and liquidating the companies will not avoid personal liabilities of the directors. They can either voluntarily declare bankruptcy, or be made bankrupt by the QBCC, but this will not necessarily release them them from all QBCC claims....
If you are considering the small business restructuring process, ensure that you consider the issues discussed in this article....
Part 2 of Company Liquidation – Risk for Directors. Looking at QBCC-related companies. ...
Are you across the QBCC home warranty insurance scheme? Could you be at risk of personal liability for unfinished or defective work? Find out here…...
It may be a mandatory requirement for you as a director to execute a QBCC Deed of Covenant & Assurance. But first be aware of the potential risks…...
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