Mar 11, 2019

Laing O’Rourke appeals suspension

Laing O’Rourke appeals suspension

Construction firm Laing O’Rourke is fighting a Queensland Building and Construction Commission decision to suspend its licence over financial concerns.

Its Queensland projects include acting as managing contractor for the
Australia-Singapore Military Training Initiative Facilities project works at the Shoalwater Bay Training Area.

The company issued a statement on Friday saying it was appealing the QBCC decision and was seeking an urgent reassessment to have the matter resolved.

“The business maintains a strong financial position with independently audited accounts, which have been signed off in accordance with Australian accounting standards,” the company statement read.

“Whilst a loss was published in June 2018 for the 2017/18 financial year, this related to an increased investment in tendering and a small number of legacy projects.

“The business has no outstanding creditors, a strong cash position and continues to operate profitably, holding building licences in all other jurisdictions across the country. ” 

A QBCC spokesman said that body would not provide further comment as the matter was now before the courts.