Tweaks to the Construction Industry Training Fund Levy, Rules, and Committee Structure
Construction Industry Training Fund (Miscellaneous) Amendment
1st House
2nd House
Law
Effects of Bill:
This bill being passed means that:
The threshold at which the levy is payable is increased to projects bigger than $100k (was $40k)
GST not included in project value when calculating levy (it used to be) - this means levies will be a little smaller
Board will now be 4 bosses, 4 employee representatives, and 4 others
For government projects, the govt department responsible for the project is liable to pay the levy
Training plan cycle is moving to a three year cycle with annual reviews
Funds can be used for initiatives aimed at recruiting and keeping construction workforce in general
Power generation industry exemption removed, mining and petroleum exemption to be reviewed
News Articles, Admin Comments and Press Releases...
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