The State Government today announced a review to improve security of payments for subcontractors in Western Australia’s building and construction industry, and the establishment of an Industry Advisory Group (IAG).
Key industry representations and public works agencies will be able to provide input to the IAG, which will facilitate the consultative process to implement industry wide laws.
Once established, the IAG will complete a full and careful inquiry based on the Terms of Reference.
It will also consider amendments to the Building Services (Registration) Act 2011 and the need for new or amending legislation to provide fairer contracting practices.
Other reforms for consideration include introducing trust arrangements to protect funds owed down the contracting chain, in case a head contractor experiences financial difficulty.
The IAG will be chaired by John Fiocco and East Metropolitan Region MLC Matthew Swinbourn will assist him.
Mr Fiocco is highly regarded among the legal fraternity in Western Australia and widely experienced in commercial and contract law.
The first IAG meeting with industry stakeholders will be held on March 26, 2018.