South Australian Government could pay for Clipsal 500 grandstands twice

Grandstands used for Adelaide’s Clipsal 500 grandstands have been caught up in the financial collapse of Elite Systems Australia – the firm contracted to provide grandstand scaffolding at the event by the South Australian Tourism Commission.

With Elite Systems Australia having gone into administration in May, leaving unpaid bills of more than $1 million for its South Australian subcontractors, the ABC has reported that the scaffolding has now been bought by McMahon Services.

With Elite Systems Australia having been just months into its contract to supply the V8 race, McMahon Services is reportedly negotiating to supply the grandstands for next year's event.

However, the South Australian Government is still owed $581,000 from Elite Systems and stands to pay for the seats twice.

There are up to 90 other unsecured creditors owed money from the collapse.

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