The performance of the building and construction industry is a key indicator of the economic health and well-being of the nation
Master Builders have forwarded a submission to the Federal Government "Rebuilding Australia" that outlines the top five priorities for the October 2020 Federal Government Budget.
Underpinning the top five priorities the proposed fiscal policy measures targeted to kick start building and construction activity include:
- A 12-month extension to HomeBuilder grant scheme
- Establish a CommunityBuilder grant scheme for the construction of smaller community facilities
- Significantly reduce depreciation rates of capital works for investors both residential and commercial sectors
- Increase institutional investment in social infrastructure including social housing and ensure that smaller and local businesses can tender to deliver government funded projects
To read the full submission to the Federal Government click the link below.
Master Builders will continue to lobby the NSW and Federal Governments to keep the building industry open and keep over 120,000 building industry business operating.