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“Illegal phoenixing is the deliberate and systematic liquidation of companies with the fraudulent or illegal intention to avoid tax and other liabilities,” said Stuart Collins, HIA Executive Director Tasmania.
“While there may be only a small number of instances of this occurring in Tasmania when it does it causes significant cost and reputational damage to industry.
“It also creates an uneven playing field and represents an inefficiency in the industry which leads to a misallocation of resources, additional costs and lower productivity.
“While it is difficult to quantify its impact, according to the Fair Work Ombudsman and PwC, the cost of illegal phoenix activity nationally is estimated to be in the range of $2.85 to $5.13 billion, with the estimated direct cost on business being between $1,162 – $3,171 million per year.
“The introduction of tighter controls to prevent illegal phoenixing In Tasmania will undoubtedly provide industry and consumers with greater ‘peace of mind’ when proceeding with their housing projects,” concluded Mr Collins.
A beautifully executed renovation and two-storey extension of a 1900s period home in Wangaratta has been named HIA Northern Victoria Home of the Year at the 2025 HIA Northern Victoria Regional Housing Awards, held in Yarrawonga on Friday night.
“The expansion of the Home Guarantee Scheme announced by the Minister for Housing, Clare O’Neil MP, to take effect from 1 October 2025, will reduce the time to save a deposit by up to four years,” stated HIA Senior Economist Tom Devitt.
“Harnessing artificial intelligence to drive a once in a generation overhaul of planning systems across the country could be the circuit breaker Australia needs to deliver 1.2 million homes over next 5 years” said Sam Heckel HIA Executive Director, Planning & Environment.
The Housing Industry Association (HIA) is pleased to announce Structerre Consulting as the headline partner of the 2025 HIA Western Australian Housing and Kitchen and Bathroom Awards.