The residential builder collapsed on Wednesday with about 70 staff sacked and building work halted on about 300 homes.
Robson Cotter Insolvency Group has been appointed as liquidator, saying Oracle could be about $14 million in debt.
“The QBCC knows that when any building company collapses, it can have a significant impact on everyone who has had dealings with that company,” the regulator said in a statement on Thursday.“That is why the QBCC has set up a dedicated team to handle the non-completion claims from homeowners affected by this event, and we will be doing everything we can to help them continue to get their homes built.
However, he said Oracle customers have faced months of delays on their homes and getting them completed won’t be fast enough for those that are caught up in this.“So it will take time and it’s going to be time - a lot more than what, a lot longer than what, those poor people had hoped - but their interests are protected,” Bidwell told ABC Radio on Thursday.Oracle is among a number of building companies to collapse in Queensland in the past year, and Master Builders expect more to go under.
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