📜 Building and Construction Industry Training Fund and Levy Collection Amendment Bill 2020
This bill amends the Building and Construction Industry Training Fund and Levy Collection Act 1990 to allow levy payments by instalments for large projects, change the composition of the Building and Construction Industry Training Board, and limit Board member terms.
Impact
The bill affects project owners in the construction, mining, and petroleum sectors by allowing them to pay the training levy in instalments for projects valued at $500 million or more. It also impacts the composition and operation of the Building and Construction Industry Training Board.
Key Changes
Parliamentary Progress
- LA Second Reading MovedLA11 Mar 2020
- LA IntroducedLA11 Mar 2020
- LA Consideration in DetailLA12 May 2020
- LA Third ReadingLA12 May 2020
- LA Second Reading AgreedLA12 May 2020
- LC Second Reading MovedLC14 May 2020
- LC Second Reading AgreedLC21 May 2020
- LC Third ReadingLC21 May 2020
- Royal Assent27 May 2020
Penalty Provisions2 found
Commencing construction work before paying the levy
“If the construction work is commenced before the project owner pays the levy, the project owner is liable to pay to the Board, by way of penalty, an amount calculated for the penalty period at a prescribed rate on the amount of the levy unpaid.”
Failing to pay an instalment (other than the first) before it is due
“If the project owner does not pay an instalment, other than the first instalment, before it is due for payment, the project owner is liable to pay to the Board, by way of penalty, an amount calculated for the penalty period at a prescribed rate on the amount of the instalment unpaid.”
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