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:

• ACT Jobs and Economic Recovery Plan 
• Economic and Fiscal Update 
• List of Major Projects 

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.