Consumers are being warned not to deal with building company Green Magic Homes Australia after NSW authorities cancelled its contractor licence.
Fair Trading Minister Eleni Petinos said Green Magic Homes was no longer able to advertise, contract for or undertake any residential building work for which a licence is required in NSW and was no longer lawfully able to contract to do residential building work above $5000.
"Consumers have paid large sums to Green Magic Homes with their builds yet to be completed, including a customer paying $500,000 for two builds which have had only minor excavations works done to date," Ms Petinos said on Monday.
The company undertook work without the appropriate insurance, she said.
"It appears that funds from customers may have been used for personal expenses including travel, groceries, restaurants, liquor stores, gambling, and accommodation," she said.
"The director of the company at the time it was licenced failed to disclose prior convictions for fraud-related offences when applying for a contractor licence in 2021."
Anyone in NSW who has had problems in their dealings with Green Magic Homes or has information about their operations is being urged to contact NSW Fair Trading to lodge a complaint.
