Join the MBA and get great discounts and other member benefits
Contact us if you have issues logging in.
value of resource and civil construction (engineering construction) has fallen
to its lowest level since March 2009 confirming the need for policy reforms to
aid the economy in getting over the construction phase of the mining boom.
construction activity fell by 4.5 per cent in December 2016 showing that policy
reforms such as the Government’s Enterprise Tax plan must be fully supported to
ensure we can attract the non-mining investment which is urgently required,”
Denita Wawn, CEO of Master Builders Australia said.
company tax rate is uncompetitive and means we are not getting our fair share
of international and domestic investment. We cannot rely on the mining sector
to attract investment anymore,” she said.
Builders is calling for Budget settings that promotes broader based investment
such as productivity enhancing infrastructure to fill Australia’s $700 billion
infrastructure shortfall, which hurts jobs and wages, and puts a speed limit on
economic growth,” Denita Wawn said.
Builders expects the deterioration in total engineering construction work to
continue in 2016-17, as the last of the major LNG projects reach the production
phase. The majority of this will come from major project completions in Western
Australia, where $107 billion worth of LNG projects are to be completed by
mid-2018. The recent uplift in commodity prices is good news for WA, but is
unlikely to encourage a new round of resource related investment,” she said.
“As the nation’s
second largest industry and largest consumer of capital, the building and
construction industry needs company tax settings that are internationally
competitive and support attracting new investment,” Denita Wawn said.
Back to list
02 8586 3555