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CEO Update

CEO Message: ACT Economic Plan Released



Following calls by the MBA and other business groups, the ACT Government yesterday released a $4.9 Billion Jobs and Economic recovery package. Despite the plan being strong on rhetoric, it is light on detail.

Some highlights for the construction industry include:

  • A capital works program with $820m of works to be tendered in the next 12 months
  • $16.85m to fund the ACT’s participation in the JobTrainer program $19m for cladding remediation works on ACT Government properties
  • $2.4m for a cladding remediation concessional loan scheme for non-government buildings
  • $7.9m to investigate alternative building certification models, including developing a fee-for-service public building certification service model
  • $1.5m for additional staff to fast-track development application and unit titling approvals, and
  • Funding for the 50% Lease Variation Charge remission

Copies of the key documents released can be downloaded here:

As we approach the October election the MBA will call for policies from all candidates which support local businesses, invest in apprenticeships, reform the ACT’s planning system supported by a long-term infrastructure plan, and prioritise building quality reforms.