Wodens The Melrose apartment complex construction was initially impacted by PBS Building ACT going into voluntary administration. Photo: Ian Bushnell.
Creditors of the five under-administration PBS Building companies have voted to wind up four companies including two construction arms in the ACT and Queensland but have given the NSW building company a lifeline.
The majority of creditors accepted the recommendations from administrators Jonathon Colbran, Richard Stone and Mitchell Herrett of RSM Australia to immediately liquidate PBS Building Pty Ltd, PBS Building (ACT) Pty, PBS Building (QLD) Pty Ltd, and PBS Management Company Pty Ltd.
They had recommended that only PBS Building NSW be entered into a Deed of Company Arrangement (DoCA…
Read the full article at: https://the-riotact.com/pbs-building-act-to-be-liquidated-nsw-company-given-lifeline-for-court-options/699275