The Queensland Government is to examine the role of property developers as part of a review of its building industry fairness reforms.
This follows a recommendation from the parliamentary Transport and Public Works Committee.
Minister for Public Works Mick de Brenni said it was time to consider whether reforms are needed to ensure everyone who benefits from a booming building industry contributes their fair share.
He said the parliamentary committee heard in 2020 that developers were the driving force behind much of the work undertaken in the construction sector.
“When property developers do their job well, we get great outcomes,” he said. “And we know when industry works together – as we have shown through the COVID pandemic – we get the best outcomes for everyone.
“But we know it is contractors and subcontractors who bear the burden arising from incomplete works, payment disputes and non-compliant works or products.
“As a result, the committee recommended there be further consideration of developers’ financial and operational capacity, ethical behaviour and work practices.
“The review will consider the benefits of ensuring everyone is accountable for the financial security and sustainability of our $47.4 billion building industry, and the range of options to achieve this.”
Mr de Brenni said a developer review panel had been appointed to expand the important work already done to enhance security of payment for those in the building industry by focusing on the role of developers.
“The panel will be chaired by industry professional Alison Quinn, who has more than 25 years’ experience as a chief executive officer and senior executive in the property development and aged care sectors,” he said.
The other panel members are property investment firm chief executive Adrian Pozzo, construction advisory firm managing director Gina Patrick and respected lawyer John Payne.
Mr de Brenni said the work of the panel would be supported by a reference group comprised of key industry stakeholder representatives.
Master Builders Deputy CEO Paul Bidwell said Master Builders and the entire industry would welcome the review.