On 15 June 2022 the Court ordered, pursuant to Section 447A(1) of the Corporations Act 2001 (Cth) (the Act), that the operation of Pt 5.3A of the Act be modified in relation to the administration of the Company, extending the administration period to enable the recovery of debts owing to the Company by the Companys creditors through the Building and Construction Industry Security of Payment Act 1999 (SOPA).
Facts
Megacrane Holdings Pty Ltd (the Company) operated as the servicing entity within a corporate group providing crane and labour hire services to development sites across New South Wales.
On 9 March 2022, Mr Liam Thomas Bailey (Mr Bailey) was appointed as the administrator of the Company. In the course of the administration, Mr Ba…
Read the full article at: https://chamberlains.com.au/construction-case-summary-bailey-in-the-matter-of-megacrane-holdings-pty-ltd-administrator-appointed-2022-fca-733/