MBA response to collapse of M and A Group
Response to Collapse of M and A Group – Esque Apartments, Franklin
Recent reports of the collapse of M and A Group property developers, leaving subcontractors unpaid, and apartment purchasers with uncertainty, is yet another example of why the ACT needs to reform its building regulatory system.
Master Builders ACT Chief Executive Michael Hopkins said, “M and A Group are not members of Master Builders ACT, however many of the subcontractors and suppliers left out-of-pocket will be.”
“Master Builders ACT has been calling on the ACT Government to reform its building regulatory system, including security of payment laws, consumer protections, and builders licensing system, since before 2010.”
The Esque apartments are yet another case of why ACT building laws need to be improved as an urgent priority to protect Canberra’s consumers, and to support local subcontractors and suppliers.
Mr Hopkins said, “When a developer or builder collapses the MBA’s phones ring off-the-hook with worried subcontractors and suppliers.”
“Any Master Builders member concerned about getting paid on this job should contact our office, or seek independent legal advice”, he said.