{"id":824135,"date":"2026-07-26T03:16:12","date_gmt":"2026-07-26T03:16:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/824135\/"},"modified":"2026-07-26T03:16:12","modified_gmt":"2026-07-26T03:16:12","slug":"daniel-grollo-former-chief-of-collapsed-grocon-building-empire-declares-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/824135\/","title":{"rendered":"Daniel Grollo: Former chief of collapsed Grocon building empire declares bankruptcy"},"content":{"rendered":"<p data-testid=\"article-datetime\" class=\"sc-5cbbddda-5 hxoHkT\">Updated July 26, 2026 \u2014 1:00pm,first published 11:33am<\/p>\n<p>Save<\/p>\n<p class=\"sc-d1b14060-4 JmUoF\">You have reached your maximum number of saved items.<\/p>\n<p>Remove items from your <a href=\"https:\/\/www.theage.com.au\/goodfood\/saved\" class=\"sc-3f16ee48-12 sc-d1b14060-2 jyLmZI iQLtAb\" rel=\"nofollow noopener\" target=\"_blank\">saved list<\/a> to add more.<\/p>\n<p>AAA<\/p>\n<p>Daniel Grollo, the former executive chairman of the collapsed Grocon building empire, which owed more than $100 million to creditors on its demise, has declared bankruptcy.<\/p>\n<p>Grollo made the submission of bankruptcy to the Australian Financial Security Authority in March.<\/p>\n<p><img decoding=\"async\" alt=\"Daniel Grollo was executive chairman of Grocon.\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/4c991741bf28f83068b4bc87d38c42ceff2a44d7.jpeg\"  class=\"sc-d34e428-1 ldCIuB\"\/>Daniel Grollo was executive chairman of Grocon.Wayne Taylor<\/p>\n<p>The building empire, which was founded in Melbourne in 1948 and was run by three generations of the Grollo family, was behind some of Melbourne\u2019s most famous buildings, including the Eureka Tower and 101 Collins Street.<\/p>\n<p>Grocon was placed into administration in December 2020, <a class=\"inline-link\" href=\"https:\/\/www.theage.com.au\/business\/companies\/grollo-escapes-liquidation-of-collapsed-grocon-empire-20210527-p57vqe.html\" rel=\"nofollow noopener\" target=\"_blank\">owing debts of about $104 million<\/a>, with Grollo blaming the building giant\u2019s downfall on a $270 million legal dispute with Infrastructure NSW over the <a class=\"inline-link\" href=\"https:\/\/www.theage.com.au\/business\/companies\/grocon-files-new-barangaroo-legal-suit-against-nsw-government-20200716-p55c7y.html\" rel=\"nofollow noopener\" target=\"_blank\">Central Barangaroo development in Sydney<\/a>.<\/p>\n<p>Related Article<a href=\"https:\/\/www.theage.com.au\/business\/companies\/from-invincible-to-fallen-how-grocon-and-daniel-grollo-came-down-to-earth-20201223-p56prk.html\" tabindex=\"-1\" class=\"sc-cba76dee-0 hdiTqm\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" alt=\"Grocon executive chairman Daniel Grollo.\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/8364b19b2a58c83de0bbec455ff6e02aac32dd5f.jpeg\"  class=\"sc-d34e428-1 ioInpc\"\/><\/a><\/p>\n<p>The Barangaroo stoush was settled following a NSW parliamentary enquiry in 2023, according to the Australian Financial Review.<\/p>\n<p>Grollo has been contacted for comment.<\/p>\n<p>At the time of its collapse, the Australian Tax Office was Grocon\u2019s largest creditor, owed $13.7 million in GST payments by Grocon companies.<\/p>\n<p>When contacted on Sunday, a spokeswoman for the Australian Tax Office said it does not make comment on individual matters.<\/p>\n<p>Australian Securities and Investments Commission documents show Grollo\u2019s bankruptcy has coincided with his resignation as director of more than 100 companies.<\/p>\n<p>PKF partner Brad Tonks is the trustee for the bankruptcy, and did not respond to a request for comment.<\/p>\n<p>More to come.<\/p>\n<p>Be the first to know when major news happens. <a class=\"inline-link\" href=\"https:\/\/www.theage.com.au\/newsletter-signup?newsletter=breaking-news&amp;utm_source=EditorialArticle&amp;utm_medium=ArticleText&amp;utm_campaign=Newsletters\" rel=\"nofollow noopener\" target=\"_blank\">Sign up for breaking news alerts<\/a> on email or turn on notifications in the app.<\/p>\n<p>Save<\/p>\n<p class=\"sc-d1b14060-4 JmUoF\">You have reached your maximum number of saved items.<\/p>\n<p>Remove items from your <a href=\"https:\/\/www.theage.com.au\/goodfood\/saved\" class=\"sc-3f16ee48-12 sc-d1b14060-2 jyLmZI iQLtAb\" rel=\"nofollow noopener\" target=\"_blank\">saved list<\/a> to add more.<\/p>\n<p>From our partners<\/p>\n","protected":false},"excerpt":{"rendered":"Updated July 26, 2026 \u2014 1:00pm,first published 11:33am Save You have reached your maximum number of saved items.&hellip;\n","protected":false},"author":2,"featured_media":824136,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-824135","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/824135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=824135"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/824135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/824136"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=824135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=824135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=824135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}