The construction sector is currently navigating high levels of insolvency, which industry experts anticipate will continue into early 2024.
This rising trend underscores the importance for builders and related professionals to be well-informed about the repercussions of insolvency on their operations, particularly regarding builders’ licences. 
It’s essential for construction professionals to grasp how insolvency might affect their licensing, and to know the proactive measures available to them in these challenging times which may keep their businesses afloat.
State-specific laws and their implications for builders
In the ACT, the rules are clear-cut. The moment a company enters into a formal insolvency regime including voluntary admi…
Read the full article at: https://www.rsm.global/australia/insights/restructuring-insights/impact-insolvency-builders-licences-state-guide