Buildsmart WA License Revoked Over Cash Crisis | Australia News

A Western Australian building company, Buildsmart WA, has lost its license after failing to prove it had enough cash to cover debts—reportedly a $5,000 shortfall. The State Administrative Tribunal upheld the decision, citing concerns from the Building Commissioner about their financial stability. Though the company plans to appeal and vows to finish six ongoing homes, the ruling means they can’t legally take on new major projects. Commissioner Phil Payne urges homeowners with unfinished work to contact QBE, stressing that builders must demonstrate financial reliability—not just register. Buildsmart WA argued client debts outweighed costs, but the tribunal found it insufficient. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a78f11f7c19d9b66