Prompt Payment Just One Productivity Challenge That Needs Investigation

23 August 2013

Master Builders Australia (Master Builders) has continued its call for a Productivity Commission Inquiry to investigate costs, competitiveness and productivity challenges facing Australia’s building and construction industry in its submission to the Department of Industry, Innovation, Climate Change, Science Research and Tertiary Education in response to its Australian Prompt Payment Protocol Discussion Paper.

Prompt Payment Just One Productivity Challenge That Needs Investigation

Master Builders Australia (Master Builders) has continued its call for a Productivity Commission Inquiry to investigate costs, competitiveness and productivity challenges facing Australia’s building and construction industry in its submission to the Department of Industry, Innovation, Climate Change, Science Research and Tertiary Education in response to its Australian Prompt Payment Protocol Discussion Paper.

Master Builders Chief Executive Officer Wilhelm Harnisch said, “Master Builders welcomes commitments by both Labor and the Coalition to implement prompt payment procedures should they be elected to ensure government departments pay their suppliers on time.

“However, just focussing on payment terms does not move to reform the industry,” Wilhelm Harnisch said.

A full inquiry was committed to by former Prime Minister Gillard but this promise is yet to be acted upon. 

“A thorough examination of productivity issues facing the industry is important if a stronger building and construction sector is to help drive a stronger Australian economy post the resources boom,” Mr Harnisch said.

A copy of the submission is available from www.masterbuilders.com.au

 

 Master Builders Australia, Level 1, 16 Bentham Street (PO Box 7170 YARRALUMLA  ACT  2600, 

ABN 68 137 130 182, Tel: 02 6202 8888, Fax 02 6202 8877, Email enquiries@masterbuilders.com.au

 

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