Bob Day: Family First senator quits as company folds

Senator Bob Day speaking to the media during a press conference at Parliament House in Canberra. Mr Day has resigned from the senate after his firm Home Australia went into liquidation.
Senator Bob Day speaking to the media during a press conference at Parliament House in Canberra. Mr Day has resigned from the senate after his firm Home Australia went into liquidation.

FAMILY First Senator Bob Day will leave the senate as his building company Home Australia goes into administration.

The company is understood to have gone into liquidation today with more than 200 homes across the country still under construction.

ABC reports the company had losses of $1.2 million in 2013 and $3 million in 2014.

The South Australian senator said the failure of Home Australia will have "serious implications for me and my family".

"Creditor liabilities greatly exceed our assets, so we will also lose our family home," he said in a letter to Home Australia workers.

In Brisbane, Home Australia operated as Newstart Homes and Huxley Homes in Sydney.

Senator Day was re-elected to a three-year term in the Senate in July.

Family First will meet this week to select a successor to Mr Day.

Topics:  bob day editors picks family first politics

Jury discharged in trial of man on sex assault charges

A jury has been discharged in the Lismore District Court trial.

47-year-old accused of offences during massages he gave to two women

Destructive supercell could be headed to our region

The North Coast Storm Chasers posted this image along with the warning.

North Coast Storm Chasers are predicting severe weather conditions

Fiery end to160kmh pursuit

Police generic

Police chase comes dramatic end in South Lismore

Local Partners

Thriller film shot in Ballina, screening in Casino

Burning to see locally made film Burns Point? Screening at Casino RSM Club.

Ballina Prawn Festival will not be free this year

Ballina Prawn Festival 2013. Photo Mireille Merlet-Shaw / The Northern Star

This year's festival will be a ticketed event

The Living End are coming to Byron Bay

The Living End

The Living End are going on the road in 2017 for a regional tour

November will be a big month for NORPA

ARTS: NORPA has added new shows to the Dreamland season from November 23 to December 10.

Peter Garrett, Dreamland and the 2017 Season Launch, among others

Hugh Laurie receives star on Hollywood Walk of Fame

Hugh Laurie on the Hollywood Walk of Fame

Hugh Laurie and his star on the Hollywood Walk of Fame

Paul Capsis set to bring the music to Tropical Fruits

HIT: Paul Capsis accepts his award for Best Performance in an Australian Contemporary Concert at the 6th Annual Helpmann Awards in Sydney, Monday, July, 31, 2006.

With a show called Addicted to the Nightlife

Blake Lively hosts 40th party for Ryan Reynolds

Blake Lively throws husband Ryan Reynold's 40th birthday bash

What's on the big screen this week

Benedict Cumberbatch in a scene from the movie Doctor Strange.

MARVEL'S latest superhero Doctor Strange makes his debut.

Trump 'worked like hell' to pick up John Travolta's wife

John Travolta and Kelly Preston

Trump wrote comments in tribute to Travolta's son Jett

RECAP: The Bachelorette S2E11 - top three battle it out

The Bachelorette finalists, from left, Matty Johnson, Lee Elliott and Jake Ellis.

It's Matty, Lee or Jake. Who will Georgia choose?

Tough times in CBD: Woolies says goodbye Ipswich

Woolworths in the Ipswich Mall.Photo: Rob Williams / The Queensland Times

The last day of trading will be January 1

Look at me! Kath and Kim home up for sale

Kath and Kim from the iconic Aussie TV series.

'Crack open the Baileys and grab a box of BBQ Shapes'

Hinterland horse stud passed in for $8.25 million

UNREAL: This Maleny estate is incredible.

12-bedroom hinterland horse stud still available

Hit songwriter's Noosa mansion on market

SPECIAL PLACE: The Cintamani estate is going to tender, marketed by Tom Offermann Real Estate.

Is this Queensland's best property?

Kiwi siblings snap up Dotcom mansion for $32.5m

The new toy company owners of the Coatesville mansion want replace any controversy with positivity and fun. Photo / Barfoot and Thompson

The trio paid $32.5 million for the property in June

New $200 million development will create 580 jobs

Cassie And Josh with baby Alfie and daughter Andee. They have bought at new Lennox Head development Epiq.

Majority of new positions will be given to Northern Rivers locals