Subbies to share in $2.5m thanks to law change
MINISTER for Housing and Public Works Tim Mander says $2.5 million in debts to building subcontractors has been recovered across the state, two months after new building industry laws were introduced.
"In the past there was no consequences from a licensing point of view for a principal (contractor) if they didn't pay their subbies," Mr Mander said.
The Queensland Building and Construction Commission now has power to investigate people who don't pay their subcontractors and can suspend or cancel a licence.
Mr Mander said a swag of legislative changes that took effect today would see disputes resolved faster, better enforcement powers for the building industry regulator and less business red tape.
Disputes between builders and consumers could be reduced from an average of six months to 28 days under the streamlined system, he said.
"In the past, if a builder and a consumer had a disagreement about the quality of work, it was quite a prolonged process to bring about a resolution," Mr Mander said.
Sunshine Coast builder Patrick Donahoo said the mostly positive changes wouldn't have an immediate effect on his business.
"It doesn't mean anything to me at the end of the day - it doesn't give me work."