Episodes
Four Corners: House of Cards (ABC TV Monday 17 July 2023)
Four Corners: House of Cards airs Monday 17 July 2023 on ABC TV.
What can we expect from this episode
In an in-depth investigation, reporter Stephen Long delves into the issues plaguing Australia’s building industry on this week’s episode of Four Corners. The program highlights a troubling trend, with Australia currently experiencing the highest rate of construction insolvencies in the past decade. Astonishingly, over the past year, construction company failures accounted for nearly 30% of all company collapses.
The Four Corners team delves into the supply chain pressures that are pushing certain builders to the brink of collapse. They uncover the actions of companies that accumulate unsustainable debt, proceed with liquidation, and then reemerge under new guises, leaving behind countless victims in their wake.
The investigation raises important questions about the industry’s slim profit margins, as even minor disruptions can take a company down. Alongside exploring the struggles faced by building firms during challenging times, the program also sheds light on those daring to flout the law.
One particular Sydney-based company becomes the focus of this report. Their rise and subsequent fall serve as a stark illustration of the limitations within the system for dealing with insolvency, exposing failures within corporate regulation.
Check out a video clip
When can we see the episode
Four Corners: House of Cards airs Monday 17 July 2023 at 8.30pm on ABC TV
Featured Image Credit: ABC TV
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