13 March 2019
Update - QBCC
Laing O’Rourke welcomes the decision by the Queensland Building and Construction Commission (QBCC) earlier today to lift the suspension on Laing O’Rourke’s Queensland builder licence.
We have welcomed the opportunity to work with the QBCC to demonstrate our compliance with all necessary requirements.
Laing O’Rourke has undertaken internal restructuring to better demonstrate our asset base to the QBCC.
We have also demonstrated our improving business profitability, achieved through increased productivity and project performance.
Our business maintains a strong financial position and of course we have independently audited accounts. We have no outstanding creditors, a strong cash position and we continue to operate profitably.
We have a long and proud history of delivering major projects across Queensland, stretching back over 60 years. We invest millions of dollars into the state’s economy every year and employ hundreds of people locally, and remain committed to our Queensland operations.
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