INDUSTRY ALERT - HASTIE GROUP ENTERS EXTERNAL ADMINISTRATION – PROTECT YOUR RIGHTS
30th May, 2012
A couple of months ago we issued a newsletter regarding the lodging of subcontractor’s charges under the Subcontractors’ Charges Act 1974 as a means of protecting a subcontractor’s rights where the contractor is placed into liquidation.
A copy of our previous newsletter is available here.
This topic is now extremely relevant to all parties involved in the building and construction industry in light of the recent appointment of administrators and receivers to Hastie Group.
Lodging a subcontractor’s charge can significantly improve the chance of a subcontractor recovering money for work performed for a contractor or builder who lacks the ability to pay or is facing liquidation.
If this is a topic of concern to you or one of your clients, or you would like more information regarding your rights under a building and construction contract in light of the external administration of Hastie Group, please contact Tony Scoglio of Scoglio Law on (07) 3833 2100 or email tony@scogliolaw.com.au as a matter of urgency as stautory time limits may apply.
This article is a service to clients and associates of Scoglio Law. The advice is of a general nature and for particular legal problems, it is always best to seek one-to-one advice.