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Simsai Construction Group in Perth has been forced to give up nearly 100 projects after being hauled to Federal Court by the Australian Tax Office on Tuesday.
The company claims it isn’t going under, despite the tax office issuing a wind up order to claw back creditor funds.
The ATO lodged an application in the federal court for 'the winding up' of Simsai Constructions, which operates three building operations in Western Australia .
One of Perth’s biggest builders appears to be on the ropes financially as the Australian Taxation Office issues it with a wind up order.