Claims extracted
20
sentences that state something as happening or true
Uncertain
15%
3 of 20 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
61/100
The Sydney Morning Herald's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Embattled developer Bathla Group was slapped with more than 300 notices by SafeWork NSW relating to safety issues in the five years leading up to its collapse.
asserted
Group → embattle → collapse
Since January 2021, the state’s workplace health and safety regulator has issued 306 warnings, including improvement, prohibition and penalty notices, to the group and its related subsidiaries.
asserted
regulator → issue → group
Fifty-nine of those notices were given in the past 18 months.
asserted
nine → give → months
“The five most common notices were related to falls from heights, electrical hazards, construction site security, general workplace management and falling objects,” a SafeWork NSW spokesperson said.
asserted
spokesperson → relate → heights
“SafeWork NSW continues to work with the business to monitor its progress in taking any required compliance actions.”
asserted
NSW → continue → actions
The company was fined $135,000 by SafeWork NSW in 2018, having expressed remorse after a surveyor’s assistant was seriously injured when he fell four metres and became impaled on concrete bars at a construction site in Doonside.
asserted
he → fin → Doonside
It’s been a difficult few weeks for the major developer and its 542 entities, which entered voluntary administration on August 25.
asserted
which → enter → August
In the days that followed, the state’s building regulator ordered the developer to fix serious defects at an apartment building in Seven Hills and an under-construction development at Kembla Grange in the Illawarra.
asserted
regulator → follow → Illawarra
Two weeks ago, administrator Teneo stood down 213 of the company’s staff and announced construction on many of its projects would come to a halt.
asserted
construction → stand → halt
It also secured short-term funding to allow the company to continue to operate, but only for another two weeks.
asserted
company → secure → weeks
While six lenders are providing additional funding, Teneo is continuing talks with additional lenders who may be interested in participating.
uncertain
who → provide → lenders
Preliminary figures provided at the first creditors’ meeting show Bathla’s debts include $3.08 billion to lenders, $145 million to the Australian Tax Office, $130 million to other unsecured creditors and $42 million in land tax.
asserted
debts → provide → tax
The company also owes $4 million to its employees.
asserted
company → owe → employees
On Friday, the company received a lifeline after it secured a 12-month extension from the NSW Supreme Court to finalise construction projects.
asserted
it → receive → projects
However, the extension of the convening period depends on the administrator securing additional funds from lenders.
asserted
administrator → depend → lenders
“Locking in this funding is therefore an immediate priority and discussions are continuing,” Teneo’s Stephen Longely said.
asserted
Longely → lock → funding
Construction insolvencies have jumped 179 per cent from July to August off the back of Bathla Group’s collapse, according to CreditorWatch.
uncertain
insolvencies → jump → CreditorWatch
“When we sit here now and we think about the pressures going forward ... house prices have been falling, interest rates are going up, materials costs have been quite high,” CreditorWatch’s chief economist Ivan Colhoun said.
asserted
economist → sit → pressures
“It suggests that it will be a sector that is seeing higher insolvencies in the next 12 to 18 months.”
uncertain
that → suggest → months
Teneo has been contacted for comment.
asserted
Teneo → contact → comment
The Aporia
