BUILDING INDUSTRY: SUBCONTRACTORS OWED MILLIONS OF DOLLARS

I know two swallows don’t make a summer, but I live in hope that more and more readers will seriously consider C.H. Douglas’ A+B Theorem. 

After reading the two following articles on the debt structure the folk in this land are burdened under, serious interest might just be stimulated.

Source ABC News:  Subcontractors owed millions of dollars let down by ‘basket case’ laws -  reporter Joanna Crothers
Key points:

•    An estimated $3 billion in construction industry debts go unpaid each year
•    Subcontractors’ groups are calling for effective national legislation
•    Those affected say unpaid debts are taking mental health tolls

“David Panetta’s roof plumbing business once employed more than 40 people and turned over $7 million in profit a year.
But after the company it was contracted to became insolvent, Mr Panetta lost his business, his home and $4 million.
After trying to go through the Victorian Building Authority (VBA) and lodging an application with the Victorian Civil and Administrative Tribunal (VCAT), the couple decided they had to find the money for a lawyer.

It took months of paperwork and involved costly fees.  Ms Dunne said many small businesses like theirs wouldn’t have been able to afford a lawyer, so would often walk away from a job and lose thousands of dollars.”
Read further here…
www.abc.net.au/news/2017-03...subcontractors-owed-millions-of-dollars/8359298

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