Inside Australia’s building industry meltdown

Richard Stone of RSM calls for stronger safeguards around who can legally direct and manage a building company as a means to combat the continued distress in the construction market, arguing the Director Identification Number (DIN) is a step in the right direction but doesn’t go far enough, and that what’s needed is a mandatory baseline of financial education for directors teaching them to read financial statements, understand their obligations under the Corporations Act, and make informed decisions about solvency and employee entitlements.

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