Overview
- Administrators placed Bathla Group into administration last week after the developer became unable to meet liabilities that now top $3.2 billion.
- Teneo has advanced $1 million to keep basic operations running and is seeking about $20 million to cover the next month and payroll due on Thursday.
- More than $2.5 million in staff wages are unpaid, some employees have gone unpaid for up to eight weeks, and temporary migrant workers face visa risks if redundancies follow.
- Administrators propose prioritising roughly 45 under‑construction projects that could deliver about 2,000–2,500 homes by February–March if short‑term funding is secured.
- The NSW government has declined a bailout, leaving a private rescue by lenders or another developer as the only viable route and raising the risk of wider disruption to subcontractors, suppliers and buyers.