Porter Davis Wikipedia Home, Wiki, Age, Biography, Net Worth, News
Porter Davis Homes Wikipedia, Wiki, Age, Biography, Net Worth, News – Without insurance, Premier Daniel Andrews warned late home builder Porter Davis could face hefty fines.
Porter Davis Wikipedia Home, Wiki, Age, Biography, Net Worth, News
According to Andrews, the bailout for Porter Davis was rejected by Treasurer Tim Pallas on Tuesday because the company was not viable, prompting Opposition Leader John Pesutto to question why the government had not intervened.
Liquidators announced Tuesday that some customers may have lost their entire deposit, as the company will not secure new buildings until building permits are secured, sometimes weeks. or a few months after the customer signs the contract.
According to James Collier of the Victorian Insurance Regulatory Authority, consumers who have paid a 5% deposit but have not yet seen work begin will receive a refund if they have VMIA building insurance.
Andrews expressed “very, very concern” on Thursday that Porter Davis did not receive that insurance.
According to Andrews, there are concerns, if not outright suspicions, that VMIA has received the premiums, and thus the policy, for both the deposit and the construction.
“I just want to make sure everyone in this industry remembers that your customer is not there to give you an interest-free overdraft.
“Choosing to introduce such premiums shouldn’t be an issue. There will be severe penalties if you don’t activate those premiums, which you are forced to. In Victoria, insurance Housing construction is required for construction that costs more than $16,000.
Before deciding what help affected people need, Andrews said authorities must first determine how widespread the problem is, assuming it is real. Porter Davis was liquidated on Friday, affecting 779 customers who had contracts with the bankrupt construction company in addition to 1,700 buyers with homes under construction in Victoria and Queensland.
The company asked Pallas for help, but Andrews argued it was right not to accept it because the business was unsustainable. Commonwealth Bank, the group’s majority secured creditor, had previously refused to intervene.
According to Andrews, the scale of the problem increases rather than diminishes when it is scrutinized by outsiders. through administration.
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Categories: Biography
Source: vcmp.edu.vn