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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.
With Easter coming up it is time for an update on fuel price related cost increases, the proposed minimum financial requirements, and also some enforcement activity by WorkSafe.
Tasmania can deliver both the Macquarie Point Stadium and the homes the community urgently needs, but only if government adopts a clear and coordinated construction workforce strategy, according to the Housing Industry Association (HIA).
“New house building approvals were relatively steady in February 2026 at 9,950, the second highest monthly volume in over three years,” stated HIA Senior Economist Tom Devitt.
Proposed changes to negative gearing and capital gains tax would worsen Australia’s rental crisis by reducing the supply of housing and putting upward pressure on weekly rents, Housing Industry Association (HIA) Managing Director Jocelyn Martin said today.