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“Confirmation that Project Trust Account requirements will not be extended lower than the current $10 million contract threshold is a hugely welcome relief for small building and trades businesses. Many would not have coped with the extra burden on their business that was going to be mandated in a month’s time, and it certainly would not have helped to build more homes” Mr Roberts said.
“Abolishing complicated financial reporting for around 50,000 smaller businesses working to build and improve Queensland homes will also make wading through the red tape easier.
“HIA is also looking forward to working closely with the new government to further streamline business requirements through an upcoming review of the operations of the QBCC, through setting clear construction code adoption timeframes, and through the introduction of mandatory statewide housing codes - all confirmed today as planned future actions of the Crisafulli government,” Mr Roberts said.
“For industry to deliver the 50,000+ homes we need to build in Queensland each year, all cylinders have to be firing in home building. We need more detached homes, more multi-residential projects including duplexes, triplexes, townhouses, terraces and small unit blocks, and we need more unit towers to go ahead as well.
“To all those who would get in the way of new home-focused developments and approvals, we need to keep on repeating HIA’s new mantra - Sorry, but we need to build more homes,” concluded Mr Roberts.
The HIA has been advised that due to an increase of plumbing audit inspection failures, from the 1st of September, the Office of the Technical Regulator (OTR) will be further policing non-compliance in the installation of sanitary plumbing and drainage pipework, namely the bedding of sanitary drainage pipes.
The Housing Industry Association (HIA) has welcomed the establishment of the Senate Economics References Committee Inquiry into social housing, describing it as an important opportunity to identify the reforms needed to deliver more housing of all forms at scale and address the bottlenecks holding back housing supply broadly.
“Sales of new homes declined for a third consecutive month in July, falling by 3.7 per cent as higher interest rates and policy uncertainty continued to weigh on consumer confidence,” stated HIA Senior Economist, Tom Devitt.
HIA is proudly supporting National Skills Week this year by highlighting the construction industry’s many and diverse career opportunities.