Business
Pindan collapse leaves creditors owed millions amid concerns laws to protect subcontractors inadequate – ABC News
Plumber Warren Schmidt says he’s owed about $100,000 from the collapse of Pindan Group, and as well as his own employees, he’s also worried abut the social housing…
“The work’s been done, I’ve paid my lads, I’ve paid for the material all we want is to be paid,” says plumber Warren Schmidt.
Key points:
- Pindan collapsed owing hundreds of creditors up to $80 million
- Administrators say it’s likely many will be left out of pocket
- Laws safeguarding subcontractors will soon be introduced to Parliament
Mr Schmidt, whose company is the head plumbing contractor for Western Australia’s Gascoyne region under Pindan Group, said he had been left about $100,000 out of pocket…
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