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 Beechwood paper trail will hurt many people 

Beechwood paper trail will hurt many people

16/07/2008 10:10:00 AM
IT’S DIFFICULT to imagine the frustration those caught up in the Beechwood collapse, especially now it has been revealed the director who oversaw it stands to receive a hefty payout, thanks to a convoluted company arrangement.

It must be galling for the people waiting for their homes to be finished to discover they are now likely to be pushed further back in the queue of creditors lining up to get what they can from the corpse of the building company.

For the young Nowra couple whose dream home sits unfinished behind a cyclone wire fence, the agony of having to work to pay off a mortgage for a shattered dream is hard to imagine. This poor young family cannot even see a way clear to attend the creditors’ meeting in Sydney - they simply can’t afford to take time off work.

Natural justice seems a long way off, especially if, thanks to a paper trail of company structures, the little people suffer as the man at the centre of the collapse walks off with a bundle of money.

And for the 20 local Beechwood employees who have lost their jobs and whose entitlements are also in limbo, it surely leaves a sour taste to know that the boss will in all likelihood get a pay-out before they see a cent.

Surely it is time legislation is enacted that prevents this kind of injustice from recurring.

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