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Politics / Sydney, NSW

'Hell on earth' for owners of units of collapsed developer at heart of ICAC

ABC News
1 min read Rewritten in plain language

CorruptionAnti Corruption AgenciesPolitics

Changed after publishing · 1 edit
  • the headline was changed: 'Hell on earth' for owners of dodgy Toplace Sydney units fear of collapsed developer at heart of ICACis a 'toothless beast'

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  • When Michael Jones bought his first home in 2017, his wife was pregnant with their first child.
  • Mr Jones is one of thousands of Toplace apartment owners left to pick up the pieces of the company's collapse amid an inquiry before the NSW Independent Corruption Against Corruption.
  • At Area, temporary steel props have been supporting parts of the building since 2022, after engineers raised concerns about structural beams.
  • Mr Jones projects he has spent an additional $150,000 on strata costs and repairs since 2017.
  • Former ICAC assistant commissioner and chair of the Centre for Public Integrity, Anthony Whealy KC, said the inquiry has "shone a very unedifying light" on activities between the state's Liberal Party, lobbyists, and developers like Mr Nassif.

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When Michael Jones bought his first home in 2017, his wife was pregnant with their first child.

The two-bedroom apartment at Toplace's Area complex in Sydney was meant to be their "nest egg", a place to build memories for the young family.

Nine years and two more children later, his family has long outgrown the apartment.

Mr Jones is one of thousands of Toplace apartment owners left to pick up the pieces of the company's collapse amid an inquiry before the NSW Independent Corruption Against Corruption.

At the heart of it all is Toplace founder, Jean Nassif, who has remained defiant as he continues to defend the crumbled property empire he built.

At Area, temporary steel props have been supporting parts of the building since 2022, after engineers raised concerns about structural beams.

Owners have faced repair estimates running into the millions, with one structural issue alone estimated at $11 million.

Mr Jones projects he has spent an additional $150,000 on strata costs and repairs since 2017.

During Mr Nassif's highly-anticipated appearance at the ICAC this week, where he appeared twice, his rage was palpable.

At one point, Assistant Commissioner Fabian Gleeson SC intervened.

The 58-year-old denied he was hiding from Australian authorities in Lebanon, claiming he has not returned because he has faced multiple death threats.

Former ICAC assistant commissioner and chair of the Centre for Public Integrity, Anthony Whealy KC, said the inquiry has "shone a very unedifying light" on activities between the state's Liberal Party, lobbyists, and developers like Mr Nassif.

Shortened to 1 minute of reading, this version reads 10.9 on the Niral Score.

You are reading our version, not theirs. This is ABC News's report shortened to its most important sentences, in plainer words, with verdicts and loaded words taken out. Plain description stays, and so do adjectives that carry a fact, such as "former" or "federal". The reporting, the facts and the quotations are theirs — quotations are never edited — and the indicators beside it measure this version. Hover or tap Adjectives to see every one left in the text.

How this outlet filed it, and how we rewrote it

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Outlet Niral ScoreAdjectivesSourcingSentimentHappiness
ABC Newsas they published this story 15 12 78 -0.4 13.6
Mundane Readneutralized from ABC News 12.2 9 78 -0.3 16.3

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