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News / ASIC gets tough on false statutory declarations in the building and construction industry /  

ASIC gets tough on false statutory declarations in the building and construction industry

29 August 2014

ASIC has broadened its surveillance regime targeting phoenix businesses to include companies operating in the building and construction industry.

ASIC is acting in response to reports received from industry, small business and government agencies citing instances where contractors are being denied payment due to unscrupulous operators who use false statutory declarations to claim that payments have been made for work. Company officers who intentionally deceive ASIC or their creditors run the risk of facing civil or criminal action.

Eight major commercial and residential developments across Australia will be examined as part of the investigation.

For more information please contact:

Paul Lutvey | Partner
Mullins Lawyers
t +61 7 3224 0240
f +61 7 3224 0333
plutvey@mullinslaw.com.au

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