Builders and subbies are officially on notice to be prepared and vigilant as new building industry fairness (BIF) laws are set to change how they need to do business.
Speaking at yesterday’s Master Builders Industry Leaders Lunch in Brisbane, The Honourable Mick de Brenni MP confirmed that new building legislation passed in November 2017 will be rolled out in a phased approach.
Project bank accounts on government projects between $1 million – $10 million will commence on 1 March 2018 and security of payment reforms, including progress payments and adjudication, will be in place from July 2018. While other changes to the QBCC Act and an extension of project bank accounts to all projects are subject to review, they are slated for 1 March 2019.
Master Builders will now hit the road with their annual Roadshow, with the new laws taking centre stage. Master Builders CEO, Grant Galvin, says the time has now come for industry to get ready for the changes and not be left in the dark.
“We can’t stop this train from leaving the station – the reforms are now law and the industry needs to be ready,” Mr Galvin said.
“We’ve spent a lot of time and energy on lobbying the government for changes, but now our focus is on ensuring industry is aware of the changes, and importantly, understands exactly what they need to do within their business to comply with the law.
“These changes are complex and will have far reaching consequences – builders and subbies need to be informed and prepared.”
Master Builders Roadshow is a free event that travels across Queensland during February and March. With this year’s theme It’s what you don’t know that can hurt you, industry experts will focus on the new BIF laws, as well as the issue of non-conforming products and industrial manslaughter.
“We’ll have an expert panel on hand, made up of key industry players from the Queensland Building and Construction Commission (QBCC), as well as a local builder, construction lawyer and supplier,” Mr Galvin added.
The event is open to residential and commercial builders, tradies, manufacturers and suppliers. In addition to interacting with the guest panel, all attendees will have the opportunity to network with local industry professionals, members and business consultants. As well as the panel discussion, there will be a range of exhibitors on hand to showcase the latest information, new technology and products on the market.
Each event concludes with casual refreshments, trade displays and networking with other attendees.
Registration is essential. Register for your nearest event on our website or call 1300 30 50 10.