Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

ABCC restored to ‘rid industry of toxic practices’

The Australian government has decided to reinstate the Australian Building and Construction Commission (ABCC), marking an “important achievement” for the building industry and economy, according to an industry association.

The move will bring back industry specific penalties and sanctions to the construction industry, which the HIA said will “benefit all business and workers”.

HIA managing director Shane Goodwin commented: “As one of the triggers for July’s double dissolution election, the passing of the legislation and the reinstatement of the ABCC is an important achievement for both the construction industry and the economy as a whole.”

Advertisement
Advertisement

Mr Goodwin remarked that the abolishment of the ABCC four years ago was detrimental to “almost everyone” in the building industry.

“For too long the commercial building industry has been bridled by systemic industrial lawlessness, coercion, intimidation and flagrant misconduct. This has been well catalogued by two royal commissions in the past 15 years and numerous other inquiries,” Mr Goodwin said.

“The restoration of the ABCC is important in restarting the process of ridding the industry of toxic, outdated industrial practices.”

Mr Goodwin added that he believes increased productivity on building sites and lower costs in the construction of “crucial public and commercial infrastructure” is in the interests of all Australians.

[Related: Construction slump could trigger spike in unemployment]

ABCC restored to ‘rid industry of toxic practices’
mortgagebusiness

Latest News

Three of the big four banks failed to grow their mortgage books in the first month of 2020, in contrast to the Commonwealth Bank, which cont...

Law firm Slater and Gordon has filed new class actions against ANZ and Westpac for the alleged mis-selling of credit products. ...

More than a third of properties across Australia has estimated mortgage repayments that are less than weekly rental repayments but this is l...

FROM THE WEB
podcast

LATEST PODCAST: ASIC releases draft best interests duty guidance

Do you think Australia will move to quantitative easing this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.