Independent Inquiry into Construction Industry Insolvency
In August 2012 the NSW Government commissioned an Independent Inquiry into Construction Industry Insolvency to assess the cause and extent of insolvency in the building and construction industry and recommend measures to better protect subcontractors from the effects of insolvency.
Mr Bruce Collins QC was appointed to chair the inquiry.
More than 150 submissions were received from industry and 130 information gathering sessions were held during the course of the Inquiry.
The Inquiry’s Final Report is now available (PDF, 4.2MB).
Three Consultation Summary Papers are also being released covering the Final Report’s recommendations in relation to:
- changes to the Building and Construction Industry Security of Payment Act 1999 (PDF, 700kb)
- the licensing of commercial builders (PDF, 660kb)
- statutory construction trusts (PDF, 650kb)
The purpose of the Consultation Summary Papers is to outline the Final Report’s recommendations.
Industry now has an opportunity to comment on and respond to any of the recommendations contained in the Final Report.
Written submissions responding to the Final Report or Consultation Summary Papers may be forwarded to:
Construction Insolvency Inquiry
Policy & Executive Services
NSW Department of Finance & Services
2 – 24 Rawson Place
Sydney NSW 2000
Submissions may be emailed to [email protected]
Enquiries about the Final Report or Consultation Summary Papers may be made to:
(02) 9372 7761.
The closing date for submissions is 21 February 2013.