Security of payment implementation supporting Queensland jobs

Published: Comments:
Employment & Training Infrastructure & Construction Money & Finance Political Property & Real Estate Queensland Government

Social:   

The Palaszczuk Government has today announced the next phase of implementation of its historic Building Industry Fairness legislation, which will deliver further security for Queensland subcontractors.

Minister for Housing and Public Works Mick de Brenni said the reforms, which deliver on the Palasczuk Government’s election commitments, would help ensure Queensland’s small businesses are paid in full, on time, every time.

“The first term Palaszczuk Government took to the 2017 election a commitment to deliver security of payment for subcontractors in Queensland $45 billion building and construction industry,” Mr de Brenni said.

“Ensuring people are paid for the work they perform means industry can stop wasting time chasing late or unpaid invoices, and can instead focus on growing their businesses and creating jobs for Queenslanders.

“In 2017, it was this Labor government that passed historic reforms supporting small businesses in the building and construction industry - the Building Industry Fairness legislation.

“These are the strongest protections for subcontractors in the country.

“A central component of those reforms was Project Bank Accounts, and from March 1 2018 they now apply to all government construction projects between $1 and $10 million.

“As of today, 4 projects have been awarded that require using Project Bank Accounts, 11 tenders are currently being assessed, and another 14 are out to tender.”

Mr de Brenni said the BIF Act also legislated to appoint Building Industry Fairness Reforms Implementation and Evaluation Panel to work with government and with the building industry to assess the implementation of this legislation.

“I’m pleased to announce that I have appointed four eminent professionals to the panel,” Mr de Brenni said.

“Ms Bronwyn Weir has been appointed as Chair. Ms Weir is a legal specialist in regulatory practice, enforcement and compliance matters in the building and construction industry.”

“Ms Weir is joined by Ms Jennifer Robertson, corporate governance consultant and practicing lawyer and Deputy Chair of the QBCC; Mr Troy Lewis, a specialist in construction litigation and security of payment law; and Ms Fiona Aitchison Reid, Principal Solicitor in a construction law firm.

“In the interests of business confidence, we will commence these reforms in tranches, and following industry consultation on the next tranches, I will introduce BIF Act amendments into the House to progress the next stages of reform.

“I intend for these provisions to commence from 17 December 2018.

“Our Building Industry Fairness reforms are a comprehensive package of reforms that will get the building and construction industry back on the level.

“Importantly, some of these reforms are designed to reverse the damage caused by the LNP’s absurd self reporting scheme for building companies.

“The Newman Government opened the door to dodgy operators to send Queensland subbies to the wall by making it easy for them to delay or deny payments, and set up sham phoenix companies.

“They left the QBCC blind to the financial situation of companies until it was much too late.

“The Palaszczuk Government is backing Queensland business so it can get on with the job of creating jobs for Queenslanders.

A discussion paper will be released for industry consultation in coming weeks, and an approved regulation for Minimum Financial Requirements will operate from 1 January 2019.

Minister for Housing and Public Works, Minister for Digital Technology and Minister for Sport
The Honourable Mick de Brenni

 
Department of Housing and Public Works : Queensland Government :
GPO Box 2457, Brisbane QLD 4001, Queensland Wide
13 74 68
Department of Housing and Public Works : Queensland Government
Showing 10+ recent articles for this business
$1 million in upgrades transforms Cherbourg women’s shelter 06 December 2018 | The establishment of a new shelter in Cherbourg will better protect women and children in the community who are experiencing domestic and family violence. More information...
Victorians’ vote on rental reform a good guide for Queensland 06 December 2018 | After a 9-week consultation into the current rental laws in Queensland, the Palaszczuk Government has received a record breaking 130,000 responses from Queenslanders wanting to see change. More information...
New financial reporting to help protect building industry jobs 29 November 2018 | Queenslanders working in the building and construction sector will soon have greater protection from the devastating impact of company collapses. More information...
Renting consultation casts a spotlight on billion dollar bond industry 28 November 2018 | The Palaszczuk Government’s Open Doors to Renting Reform consultation is casting a spotlight on Queensland’s multi-million dollar bond industry in its final week before submissions close. More information...
$2b housing scheme to grow community sector 22 November 2018 | A new Palaszczuk Government initiative that unlocks $2 billion worth of equity will provide more social and affordable housing for Queenslanders. More information...
Palaszczuk Government commits dollars and cents for ‘Dollars and Sense’ 14 November 2018 | The Palaszczuk Government has announced a tenancy skills training package that will help around 17,000 Queenslanders struggling to secure a home in the state's tightening private rental market. More information...
Hey ScoMo - listen to this! Reverse the disgraceful decision to axe housing funding for Queensland's remote Indigenous communities 07 November 2018 | The Palaszczuk Government has officially commenced the development of its historic strategy to improve housing outcomes for Aboriginal and Torres Strait Islander Queenslanders, Minister for Housing and Public... More information...
Safety issues topping the list as renting survey shifts focus 05 November 2018 | More than 97 per cent of people who have taken part in the Palaszczuk Government’s Open Doors to Renting Reform consultation are indicating that the structural condition and safety of their properties is a top... More information...
Greater protection for vulnerable home owners under Palaszczuk Government reforms 31 October 2018 | Owners of manufactured homes would enjoy greater consumer protection across Queensland under “historic reforms” which come into effect from today (Wednesday), according to Minister for Housing and Public Works... More information...
More than 35,000 Queenslanders have their say on Palaszczuk Government rental reform 28 October 2018 | We are determined to deliver outcomes because renting affects almost everyone in Queensland in some way – whether they rent, own or manage a rental property, or know someone who does. More information...



Social:   
comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service