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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.
Notice is hereby given that the Annual Regional Meeting of Members of the Victoria Region of Housing Industry Association Limited will be held on Monday 16 February 2026 at HIA Cremorne Office – Level 1, 8 Gwynne Street, Cremorne, Victoria, 3121 commencing at 5.00pm.
The Victorian government has released today, on the stroke of Christmas for public consultation the draft regulations implementing parts of the Building Legislation Amendment (Buyer Protections) Act.
The Housing Industry Association (HIA) has congratulated the WA Cook Government on its strong economic management and decisive action to address housing supply challenges through the Mid-Year Budget Review.
“HIA is extremely disappointed with the Victorian government seeking to rush through their flawed buyer protection regulations during summer holidays,” stated HIA Victoria Executive Director, Keith Ryan.