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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 RBA decision to keep interest rates in restrictive territory today will not stop the improvement in leading indicators of future home building,” stated HIA Senior Economist Tom Devitt.
In mid-June 2025, the NSW Premier released the Housing and Productivity Contribution (HPC) Works-in-Kind Guideline for public consultation.
Today the State Government announced proposed changes to the regulatory powers to investigate registered builders who may be unable to meet the financial requirements of registration. The announcement also included a long-awaited review of the Home Building Contracts Act 1991 (HBCA) and associated laws.
Housing Industry Association welcomes today’s announcement by the Cook Labor Government to review key aspects of the home building contracts legislation and provide the building regulator with additional powers to work with builders in distress.