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Perth construction company collapses leaving behind millions of dollars worth of debt

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.

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Property | The Cairns Post

The Cairns Post

Australia , Paddington , Western-australia , Point-piper , New-south-wales , Launceston , Tasmania , Leichardt , Victoria , Brisbane , Queensland , Maroubra

Up to 100 homes in limbo as builder falters

The company claims it isn’t going under, despite the tax office issuing a wind up order to claw back creditor funds.

Australia , Perth , Western-australia , Osborne-park , New-south-wales , Australian , Simsai-construction-group , Housing-industry-association , Energy-division , Australian-taxation-office , Construction-group

Simsai Construction: Customers building their dream homes on edge as another construction firm is facing collapse

The ATO lodged an application in the federal court for 'the winding up' of Simsai Constructions, which operates three building operations in Western Australia .

Australia , Perth , Western-australia , Australian , Ashley-thomlinson , Chris-pottier , Mahendra-surti , Ann-ambrose , Amrish-valand , Wa-building-services-board , Boston-keys-pty-ltd , Investment-commission

Simsai Construction Group: Up to 100 WA homes in limbo as builder gets wind-up order

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.

Australia , Osborne-park , New-south-wales , Perth , Western-australia , Australian , Housing-industry-association , Energy-division , Australian-taxation-office , Simsai-construction-group , Construction-group