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HIA News ·

Parliamentary Joint Committee Inquiry into Small Business Insurance

HIA's Chief Executive Industry and Policy Simon Croft addressed a Parliamentary Joint Committee in Melbourne investigating small business insurance issues facing the building and construction sector.

What does the Parliamentary inquiry into small business insurance mean for tradies?

Builders and tradies across all states could be affected if the inquiry leads to changes in how small business insurance is regulated or priced. Outcomes may impact insurance costs and availability.

Key takeaways

  • HIA's Simon Croft gave an opening statement to a Parliamentary Joint Committee inquiry into small business insurance.
  • The inquiry is examining insurance challenges faced by small businesses, including those in construction.
  • Findings could influence future policy or regulatory changes affecting how tradies access and pay for insurance.
  • The hearing was held in Melbourne, suggesting a national focus with potential impact across all states.
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Why it matters: Builders and plumbers in Tasmania may be affected by TasWater's performance, including connection delays, infrastructure capacity, and cost impacts on new developments.

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Why it matters: Builders in WA may face ongoing project delays due to brick shortages. Supply constraints can affect scheduling, contract timelines, and cash flow.

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Why it matters: Affects builders, plumbers, electricians and all trade contractors who currently pass card fees to customers. They must absorb or restructure costs before October 2026.

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