Victorian new home builder Harmac Group entered voluntary administration on Tuesday, a development which will pause construction projects across the state for weeks. But as the company makes the difficult decision to restructure, it said its intention remains that current builds will still be completed. Harmac Homes, Harmac Constructions, Harmac Urban Living and Ridge Homes…
DetailsDirectors and officers of companies are subject to numerous statutory duties and can face a wide range of claims giving rise to civil and criminal liability for breaching them. Regulators with the power to investigate and pursue civil or criminal penalties for wrongful conduct include the Australian Securities and Investments Commission (ASIC), the Australian Competition…
DetailsCustomers of Auckland-headquartered crypto exchange have been denied access to their funds. News Join us on social networks Customers of Auckland, New Zealand-headquartered crypto exchange Dasset have been denied access to their funds, and the companys representative has revealed the beginning of its liquidation. On Aug.14, local media outlet The Herald reported on the exchanges troubles.…
DetailsAll 14 employees at a plumbing company have lost their jobs on the spot just weeks before the firm appointed liquidators. News.com.au can reveal that JL Plumbing & Drainage (VIC) Pty Ltd went under last Friday. Liam Bellamy of insolvency firm RRI Advisory was appointed as the liquidator. The business, based in Victorias Mornington Peninsula,…
DetailsA Victorian residential builder has reassured it will complete its customers’ homes after it “had no choice” but to enter voluntary administration. The Harmac Group, which is the parent company of Harmac Homes, Harmac Constructions, Harmac Urban Living and Ridge Homes, yesterday appointed Shaun Matthews and Barry Wight from Cor Cordis to restructure the business.…
DetailsVictorian builder Harmac Group has gone into voluntary administration. Another Australian building company is in trouble, with Victorian-based builders Harmac Group calling in administrators. The firm on Wednesday confirmed they have gone into voluntary administration, but deny theyve collapsed, insisting theyll work with administrators Cor Cordis in order to complete current contracts. The administrators will…
DetailsAnother home builder has announced it is entering into voluntary administration to restructure the company. Theyve not collapsed their intention is to work closely with the administrators to get their current customers homes built, Jacqui Felgate said. Press PLAY to get the latest on the home builder Harmac Homes says it has not entered liquidation and…
DetailsConstruction company Harmac Group goes into voluntary administration: Building firm undergoes massive restructure Victorian-based company made ‘difficult decision’ Insists it hasn’t collapsed and plans to restructure Are you affected? Email [email protected] By Kylie Stevens For Daily Mail Australia Updated: 10:40 AEST, 23 August 2023
DetailsUpdated Aug 23, 2023 10.59am, first published at 6.59am Key Posts Advertisement 1 min ago 10.59AM WATCH LIVE: Jim Chalmers to speak about competition laws Treasurer Jim Chalmers is about to give a press conference about a new review into competition laws. 4 mins ago 10.56AM ASIC investigated just 3pc dodgy director referrals in 2021-22:…
DetailsBOSTON Congresswoman Ayanna Pressley (MA-07) issued the following statement applauding Governor Maura Healeys plan to provide student debt relief for health care workers in Massachusetts. Rep. Pressley has long partnered with Governor Healey on student debt relief since her days as Attorney General. Student debt cancellation is a critical issue for families in our district…
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