A tradie left hundreds of thousands of dollars out of pocket from a building firm going bust is calling for greater protections for subcontractors to spare him more financial pain.
For Tasmanian electrician Kyle Skipworth, at any given moment, he is usually owed around $500,000 in unpaid debts from several builders.
But as building companies drop like flies, leaving a trail of devastated creditors in their wake, he is growing increasingly concerned that every month could be the last for his own business.
Mr Skipworth, a young dad-of-one based in Hobart, is calling for greater protections for subbies as they are the ones ultimately left to foot the bill every time a builder collapses.
Builders have all the power in negotiations. They withh…
Read the full article at: https://www.news.com.au/finance/business/other-industries/subbie-102k-out-of-pocket-as-builder-collapses/news-story/9f06d736353d96bb13e82d637622e3a3