W3D Constructions - Liquidation

W3D Constructions, a Gold Coast construction company which was working on projects at The Southport School, one of Queensland’s most prestigious private schools, entered liquidation on 7 December after amassing debts of approximately $1.3 million. Matthew Bookless of SV Partners was appointed liquidator. The company is owned by Ross Wolbers, whose father-in-law is property developing magnate Norm Rix, one of Queensland's richest people. NAB is owed $275,000, while the ATO is owed an undisclosed amount.