Helensvale builder QNV Constructions (Qld) has been suspended from the industry by the State’s building regulator for failing to meet financial requirements.
The Queensland Building and Construction Commission (QBCC) has suspended the company’s building licence, after it failed to comply with the financial requirements, including not paying monies owed to subcontractors and suppliers totalling more than $174,000 from 11 complaints.
QBCC Commissioner Brett Bassett said the QBCC first suspended QNV Constructions (Qld)’s builder licence in early December last year.
“On 7 December 2018, QNV Constructions (Qld) exercised its right to dispute the action in QCAT, and the Tribunal ruled in favour of upholding the suspension on 15 January this year,” he said.
“So far, the QBCC has managed to recover $75,111.11 of the total $174,239.73 to subcontractors and suppliers.
“QNV Constructions (Qld) is a Category 3 company, meaning its total value of work can be between $12 million and $30 million each year.
“It doesn’t matter how big you are. If you don’t pay your subcontractors and suppliers on time, you may face disciplinary action.”
Mr Bassett said QNV Constructions (Qld) also failed to comply with a financial audit in late 2018.
“The QBCC started an audit of the company to determine whether it met financial requirements,” he said.
“The company failed to provide the financial information within the legislated timeframes.”
The QBCC will consider lifting the licence suspension if QNV Constructions (Qld) demonstrates that it complies with the financial requirements necessary to maintain a licence. Anyone owed money by QNV Constructions is urged to contact the QBCC on 139 333, to lodge a complaint.