Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 2GB account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 2GB content and other benefits.


Joining is easy.

Advertisement
Advertisement
Advertisement

Government failing to address dodgy building practice rampant in NSW

Article image for Government failing to address dodgy building practice rampant in NSW

Property owners in NSW are being left with no one to sue for building defects due to a practice called ‘phoenixing’.

Industry experts say phoenixing, where companies are deliberately wound up to avoid paying debts such as tax or GST, is rampant in NSW.

The practice of deliberately liquidating a company means unit owners are left with no compensation for defects they didn’t cause.

Several reforms have been recommended to the government to stamp out the practice, but none have been adopted.

NSW Greens MLC David Shoebridge is chairing a NSW Parliamentary inquiry into building standards. He tells Mark Levy it’s about time the government addressed this problem.

“Not only is it not going away, there’s not even a framework that the state government has put forward to try and deal with this.

“They don’t have a solution. They haven’t even pretended to grapple with this problem.”

Click PLAY below to hear the full interview

Image: Getty/Lisa Maree Williams

Advertisement