Perle owes Coffs subbies $1.3m

PERLE Pty Ltd, the failed construction company that’s gone bust while building public housing in Coffs Harbour, owes creditors almost $10 million statewide.

A meeting with administrators in Sydney yesterday involved local subcontractors out of pocket to the tune of $1.3 million.

Member for Coffs Harbour Andrew Fraser has been told creditors can expect lowly returns of around 10 cents in the dollar.

One locally owned company is owed almost $300,000.

Perle, a Sydney-based firm, entered receivership last week with three NSW Housing projects incomplete in West High Street, Azalea Avenue and Harbour Drive.

The developments have been funded by the Federal and State government BER stimulus package.

“As these NSW Housing projects are State owned, the government has a responsibility to ensure these local sub-contractors are rightfully reimbursed what they are owed,” Mr Fraser said.

“I don’t care what due diligence and probity checks were undertaken by Housing NSW or the government, the point remains local sub-contractors have not been paid,” he said.

Housing Minister Frank Terenzini said the Government contracted 137 companies to build 6300 projects across NSW and that Perle was the only company to have collapsed.



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