We have our upcoming members Seminar Day in October 2024. It’s a great opportunity for members to meet, network and get first-hand information on the latest happenings in the Building and Construction Industry.
During May 2024, the Federal Government announced it was committing an extra $90.6 million to assist increasing the number of skilled workers needed to lift the building and construction industries in Australia.
We are led to believe that the ATO will not resume recovery activity through statutory demands until early 2022. Therefore, we now believe that construction industry insolvencies will remain relatively low until the end of 2021. Forecast insolvencies for 2020/2021 financial year may reach 971.
Record High in New Loan Commitments for Housing – The total value of new loan commitments for housing and the value of owner occupier home loan commitments each reached record highs in October 2020.
This month’s newsletter features a press release from the HIA discussing that population growth and access to housing finance will be key to Victoria’s economic recovery.
This month’s newsletter features a piece on “The ‘false comfort’ of extended temporary insolvency law measures and the need for deeper structural reform” written by Scott Atkins and Kai Luck.