HBCF: Beware the unintended consequences of insolvency

COVID restrictions during July saw most Sydney construction sites shutdown for two weeks. During that time, much of the media coverage warned of the increased risk of insolvency for those builders affected by the shutdown.

Where a company is facing significant financial hardship...

To enable construction sites to resume safely on 31 July, preparatory works can begin from 29 July. These works include: 

• checking or maintaining installations or equipment
• cleaning, waste removal or waste management
• stocktaking or restocking
• delivery of materials or equipment
• servicing or installation of amenities
• relocation on the construction site...

Small businesses affected by the current COVID-19 lockdown and restrictions are encouraged to seek free-of-charge advice from the NSW Government’s business advisory service Business Connect.

Minister for Finance and Small Business Damien Tudehope said Business Connect had advisors across the state who were ready to help businesses navigate the current...

Cbus has announced a 19.34%* return for its Growth (Cbus MySuper) option

From Monday 12:01am on 19 July 2021, work at construction sites in Greater Sydney including the Blue Mountains, Central Coast, Wollongong and Shellharbour, is not to be carried out unless the work is urgently required

• to ensure the safety or security of the construction site
• to deal with environmental risks
• to...

Small businesses can claim a rebate on everything from building licences to vehicle inspections

If you live in the Fairfield local government area (LGA) and travel to other suburbs to perform essential work e.g construction work, from this Saturday 17th July you need to have a COVID-19 test every three days. 

Key points: 

• From the 17th July, Members who need to travel out of the...

The MBA is establishing a Strata Inspection Panel (SIP) in response to the Strata Scheme Management Act 2015 for identified building industry organisations to prepare, establish and maintain a Strata Inspection Panel to carry out inspections on Class 2 and 3 Buildings.

Any member interested in being included on the...

From 1 July 2021, the superannuation contribution rate will increase from 9.5% to 10% of ordinary time earnings (OTE).

All employers in Australia are required to meet this legislative change, even if you only have one or two employees. The rate is also expected to progressively increase to 12% by 2025...

NSW Long Service Corporation Employer Returns for the 2020-2021 financial year are due for completion by 31 July 2021.

Returns can be completed online via the Employer portal.

For Employers that need assistance to complete their return (or wish to view a ‘refresher’ on the steps required to make sure...