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“The agreed transition will mean builders will have until 31 December 2024 to finish off home building contracts signed before 31 December 2023 pursuant to the decision taken at the recent WHS Minister’s meeting.
“HIA has strongly advocated for government to provide for a reasonably practicable transition period for the banning of engineered stone to avoid contract changes, delays to completion and extra costs. This was to give industry more time to specify alternatives and implement solutions.
“HIA supports strong measures to manage the risks of respirable crystalline silica, but this needs to be balanced with a safe, practical and fair transition.
“While HIA would have preferred a longer transition period, today’s announcement will now provide industry and homeowners with a clear timeline that will assist with overcoming what was set to be another barrier to completing much needed homes,” concluded Mr Collins.
“The Housing Industry Association (HIA) welcomes today’s Federal Budget announcement of a half a billion dollar investment to modernise environmental approvals that will help deliver a faster, technology enabled and fit for purpose system that supports urgently needed housing supply,” said HIA Managing Director, Jocelyn Martin.
The Housing Industry Association (HIA) has welcomed the news that the 2026/27 Federal Budget will invest an additional $2 billion over four years to fund critical infrastructure, which will support the construction of up to 65,000 new homes.
The Housing Industry Association has warned that recycled proposals to restrict negative gearing or reduce the capital gains tax discount risk worsening Australia’s housing shortage by reducing investment into new housing supply.
The Federal Government today outlined a strong productivity focused agenda in this year’s Federal Budget, with targeted measures to support housing delivery and small business growth — reflecting long standing advocacy from the Housing Industry Association (HIA).