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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the latest in equities, property investing and super.

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Steve Waters, director of Right Property Group, chats about the subdued April price growth and how prices are predicted to move for the remainder of the year.

RMIT’s senior lecturer of finance, Dr Angel Zhong, talks about the Biden climate summit and impacts on the Australian sharemarket, as well as the possibility of a carbon border tax and what it means.

And lastly, tax and super guru Timothy Munro gives his thoughts on the overhaul of the superannuation performance test and the upcoming budget.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Builder to front $40k after intimidating clients

By Cameron Micallef

December 11 2019
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Invest

Builder to front $40k after intimidating clients

By Cameron Micallef
December 11 2019

A former building company director has been fined $40,000 and had his building contractor registration cancelled for hiring a group of men to threaten and intimidate five clients in Perth’s western suburbs.

Builder to front $40k after intimidating clients

By Cameron Micallef

December 11 2019
Share

In a meeting with the State Administrative Tribunal (SAT), Talbot James Le Page was found to have engaged in harsh, unconscionable and oppressive conduct against his clients.

Building and Energy A/Executive Director Saj Abdoolakhan welcomed the SAT’s decision to impose the largest fine to date for proceedings commenced by Building and Energy, as well as declaring Mr Le Page ineligible for the maximum time period.

“This significant penalty reflects the seriousness of these incidents, which have caused great distress to the clients involved as well as their families and associates,” he said.

“The conduct by these men, under Mr Le Page’s authority as found by the SAT, was deplorable. It simply has no place in the Western Australian building sector – or any other industry.

“This outcome sends a clear message that we will take action against building industry participants who act against the public interest and tarnish the integrity of the building sector.”

The tribunal accepted evidence that during 2016 at least five men operating under the name Regal Corporate Solutions repeatedly approached five clients. The men used intimidating and threatening tactics to demand payment of money allegedly owed to Turquoise or Mr Le Page for residential building projects in Trigg, City Beach, Mosman Park, Floreat and Claremont.

Turquoise went into liquidation in June 2017 but, due to the serious nature of the allegations, Building and Energy obtained a Supreme Court order to reinstate it as a company to seek a disciplinary sanction against Turquoise and Mr Le Page.

Talbot James Le Page was also ordered to pay $2,000 in costs and declared ineligible to be an officer of a building contractor for the maximum period of three years.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

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