Discover the latest updates and essential insights in the building and construction industry. For all significant news and developments, this is your go-to source.
Changes to NSW rental laws
NSW has introduced changes to rental laws, aligning with states like the ACT, South Australia, and Victoria, which have already legislated to end no grounds evictions.
Ending no grounds evictions
Previously, property owners in NSW could terminate a residential periodic lease at any time, without needing to provide a reason...
Statement on Federal Government and Fair Work actions re CFMEU
Master Builders Australia welcomes today’s announcement that the Fair Work Commission is seeking advice on making an application to appoint an independent administrator to oversee the CFMEU.
The announcement is a significant move in addressing a range of serious allegations against the CFMEU while ensuring workers retain access to workplace...
Master Builders statement on CFMEU investigation
The joint media investigation into the operations and underworld links within the CFMEU confirms what Master Builders has long known and called out – union representatives with a comprehensive disregard for the law and the industry it claims to represent.
Governments cannot turn a blind eye to this abhorrent and...
CHANGES TO RIGHT OF ENTRY POWERS - EXEMPTION CERTIFICATES RELATING TO SUSPECTED UNDERPAYMENTS
Effective July 1, 2024, Australian workplaces are facing a significant change in union rights. The Fair Work Commission (FWC) has expanded the circumstances under which union officials can enter workplaces without prior notice. Specifically, if a union suspects wage underpayment, they can now obtain an exemption certificate from the FWC...
ENGINEERED STONE BAN – 01 JULY 2024
A nationwide ban on the use, supply and manufacture of engineered stone benchtops, panels and slabs containing more than 1% silica commences today, 1 July 2024.
Key Points:
- Ban Implementation: A nationwide ban on the use, supply, and manufacture of engineered stone containing more than 1% silica starts on 1 July 2024...
Laws to protect people caught up in digital defamation
NSW and the ACT are the first in Australia to adopt new national laws modernising defamation law for the digital age, effective today. The legislation aims to balance freedom of speech and reputation protection in digital publishing.
Key Points:
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Digital Intermediaries Defined:
- Includes social media platforms, review websites, search engines...
Australian taxpayers will receive a tax cut
The Australian Government has made changes to individual income tax rates and thresholds. This will apply to all taxable income you earn from 1 July 2024. The changes will not impact your 2023–24 tax return.
From 1 July this year, these changes will:
- reduce the 19 per cent tax rate to 16 per cent
- reduce the 32.5 per cent...
Important changes to design and building practitioner obligations
Changes to professional obligations under the Design and Building Practitioners Act 2020 (the Act).
Professional indemnity insurance requirement deferred
The Act requires registered building practitioners to hold professional indemnity insurance for the work they carry out. This mandatory insurance requirement will now commence from 1 July 2025. The 12-month extension...
Inflation hits 4% in May, surpassing expectations
Inflation rose to 4% in the 12 months to May, surpassing economists' expectations of 3.8%, according to the latest ABS data. This marks an increase from April's 3.6%. Key contributors were housing, food, non-alcoholic beverages, and transport.
The RBA now faces pressure to possibly raise interest rates further. While some...
Master Builders NSW response to budget
Today’s NSW Budget provides a much-needed boost to help alleviate supply barriers in new home building said Master Builders Association of NSW Executive Director Brian Seidler.
Housing
“Treasurer Daniel Mookhey has rightly put housing at the centre of the budget and recognised that until we build the homes and infrastructure...