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

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Industry Summit aims at drive market

(From left) Peter Homan, Albert Stafford, Liz Ward and Gabby Walters were among the speakers at the Banana Shire Industry Summit on Tuesday October 11.

Dozens of local business owners attended the event.

WATCH: Students tried to burn down two CQ schools

Two 15-year-olds have been charged with arson and attempted arson.

TWO teenagers face serious charges after arson attack.

Teens charged for Biloela school fire

Police are investigating a fire that destroyed a building at Biloela State High School overnight.

The fire destroyed a school building early on Saturday morning.

Local Partners

Howell fends off challenge from Voss at Biloela barrel racing

Both riders posted excellent times in the final round of the year.

WATCH: NASA space station is live, see the view from above

In this picture taken from NASA's International Space Station from April 2015, the SpaceX Dragon is captured with the 57.7-foot-long Canadarm2 robotic arm before its installation to the Harmony module.

See the world from a new perspective as space station passes Rocky

Community garden set for Palmwoods

Kay Nixon at the Palmwoods Community Gardens will be hosting a launch day and inviting the ecommunity to come along and sign up.

Parcel of land to supply sustainable gardening for community

Barry Gibb is coming to Bluesfest 2017

FANS: Barry Gibb talks to a fan next to a cardboard cutout of his young self.

Aged 70, Gibb has re-launched his solo music career with a new album

Jake left broken-hearted by Bachelorette break-up

Jake Ellis is one of the final three bachelors on The Bachelorette.

GEORGIA chooses Lee and Matty J as her final two suitors.

MOVIE REVIEW: Doctor Strange is out there in a good way

Benedict Cumberbatch in a scene from the movie Doctor Strange.

MARVEL'S new superhero takes viewers along on his mind trip.

MOVIE REVIEW: Jack Reacher sequel falls flat

Tom Cruise in a scene from the movie Jack Reacher: Never Go Back.

THE film's title Never Go Back should serve as a warning to fans.

The Bachelor contestants find love with each other

Former Bachelor contestants Megan Marx and Tiffany Scanlon have confirmed their relationship on social media.

MEGAN Marx and Tiffany Scanlon confirm relationship on Instagram.

Liam Payne wants to wed Cheryl Fernandez-Versini

Cheryl Fernandez-Versini and Liam Payne

Liam Payne reportedly wants to marry Cheryl Fernandez-Versini

Bindi Irwin 'honoured' to make MAXIM HOT 100 list

Wildlife Warrior named among Australia's most beautiful women

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'

How to fit 100,000 new homes on the Coast

Property, real estate, housing, suburb,  August 2016

Fitting 2m extra people in south-east Qld in 25 years a balance

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