Multinational construction giant CIMIC Group must hand back the $20 million it took in JobKeeper in light of revelations the company made $620 million in profits and delivered more than $468 million to investors through share buybacks and dividends, says the CFMEU.
The collapse of construction company Grocon shows Australia needs effective national security of payment laws to ensure workers, subcontractors and small businesses are not left carrying the can when builders and property developers go into administration or liquidation, says the CFMEU.
The 2020 Federal Budget is a missed opportunity to spark a construction boom in the social and affordable housing Australia desperately needs and does little to support apprentices over the long-term, says the CFMEU National Construction Division.
The CFMEU and the Australian Constructors Association are calling for targeted reforms to drive construction in Build-To-Rent and social housing to stimulate the economy and boost jobs ahead of the Federal Budget.
The ABCC fining a Perth subcontractor for unlawful picketing while ignoring the behaviour of the head contractor who withheld progress payments demonstrates how out of touch the regulator is with the realities of the construction industry and the need to reform security of payment laws.