Trust olive branch nothing but a Trojan Horse
Master Builders Australia has opposed draft trust legislation, describing it as a 'Trojan Horse' despite being framed as a compromise. Their formal submission challenges the proposed laws.
What does the new draft trust legislation mean for builders and tradies?
Builders and subcontractors across all trades could be affected by new trust account obligations, impacting cash flow and admin burden on day-to-day operations.
Key takeaways
- Master Builders Australia has formally opposed the draft trust legislation in a submission.
- The industry body says the legislation is misleading despite being presented as a compromise.
- Trust account laws could increase admin and cash flow pressure for builders and subbies.
Related
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Why it matters: Builders and associated trades like plumbers and electricians may see fewer social housing project opportunities if government investment continues to decline.
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Why it matters: Builders and related trades may see policy shifts toward increased housing construction. More supply-focused policy could mean more work and project pipelines for residential tradespeople.
Interview with Cheng Lei, News 24
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Why it matters: Builders and related trades may be affected by workforce shortage discussions. Policy outcomes could impact hiring and project timelines.