With intense animosity flaring between angry creditors and promotors of Nightcap Community, opponents are filing complaints with the ATO's Phoenix Hotline, claiming that property currently advertised for purchase of Residential Lots was acquired by the developers through illegal phoenix activity.
Concerned neighbours and environmental defenders have also filed extensive objections with Tweed Shire Council about the legality and potential adverse impact of the proposed land-share development at Mt Burrell, NSW.
|Company director Adrian Brennock (AB): "We bought it back ourselves!"|
"He who was but now the sire
comes forth from the pyre the son and successor.
Between life and life lay that brief space
wherein the pyre burned."
By Roman poet Claudian, 4 AD
Nightcap on Minjungbal: Phoenixing in Action
In modern commerce the phoenix bird is iconic, inspiring businesses burned by debts to rise from the ashes of destruction and continue trading under a different name, leaving their creditors behind.
Nightcap Village: the Phoenix in Flight
Phoenixing of companies for private profit is inspired by the phoenix bird. According to legend, when this bird's life draws to a close she builds a funeral pyre, commits to the flames and dies on the fiery altar. Out of self-immolation a new phoenix emerges like an eagle with feathers of red and gold.