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Big changes ahead for the regulation of building products in NSW
All participants in the construction industry need to be aware of imminent changes to the laws regulating building products.
All participants in the construction industry need to be aware of imminent changes to the laws regulating building products.
In April 2024 the Treasury released draft legislation implementing the ‘Build-to-Rent’ (BTR) tax concessions, which were first announced in the 2023-24 Federal Budget.
The rise of phoenixing in the building and construction industry in Australia in recent years has proved a significant challenge to regulators. Mismanagement of time or cashflow can quickly propel businesses into insolvency.
In late 2023, the NSW Government passed the Building Legislation Amendment Bill 2023 (Amendment Bill). The Amendment Bill established the NSW Building Commission and granted it extraordinary powers to enter construction sites, inspect work and take away information and materials.
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