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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.
October is National Safe Work Month, which is an important time for both employers and workers to focus on, and commit to, promoting safe and healthy workplaces, according to the Housing Industry Association (HIA) Chief Executive – Industry & Policy Simon Croft.
The latest figures from the Australian Bureau of Statistics (ABS) show that while new home building approvals in the ACT have lifted slightly in 2025, the pace of growth remains far too slow to meet the territory’s housing needs.
HIA have been lobbying for changes to streamline the process which will allow certifiers to issue Certificates of Occupancy (CoO).
“The positive impact of a decline in the cash rate hasn’t been sufficient to drive a genuine recovery in home building,” stated HIA Senior Economist Tom Devitt.