Failed developer $2m short after IRD audit

  • Liquidators of a failed housing developer says the scale of its collapse is twice as large as previous indicated after an Inland Revenue audit found millions in taxes had gone unpaid.

Tribeca Homes collapsed last May, leaving dozens of Auckland home-builders in the lurch and unsecured creditors owed $2.14m.

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Tribeca Homes collapsed last May, leaving dozens of Auckland home-builders in the lurch and unsecured creditors, like Nigel Armstrong of ROK Group, owed $2.14m. Photo / Jason Oxenham

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