/A company linked to a major Australian builder is on the brink of possible collapse over a $22 million unpaid tax debt.
Last Friday, the Deputy Commissioner of Taxation took a building related company called ACN 152 259 839 Pty Ltd to the Federal Court calling for the business to be wound up on the grounds of insolvency.
The company has indicated it plans to legally challenge the move.
The company was previously called Maxcon Developments Pty Ltd and based in Victoria.
The tax office claims that this business had unpaid taxes dating all the way back to 2014 and that it owes a grand total of $22.88 million.
Maxcon Developments is now a shut down arm of Maxcon Constructions Pty Ltd, a major builder headquartered in Melbourne which completes projects like multistorey high-rises in Victoria, and previously did so in South Australia and Queensland.
