Posted by Ben Robertson | 09 December 2020 | Civil Contractors and Construction
2020 has been a difficult and turbulent year for many, starting with the devastating bushfires quickly followed by the unprecedented and lasting impact of the COVID-19 pandemic.
In response to the COVID-19 pandemic, the Federal and State Governments enacted emergency legislation to provide temporary relief measures for individuals and businesses, with these measures extended throughout the year. The provisions providing a temporary safe harbour for directors from personal liability for insolvent trading and the temporary changes to the creditors statutory demand regime are due to expire on 31 December 2020. Businesses should be taking urgent steps to prepare for this deadline to avoid a New Years Day hangover that is worse than usual.
In addition to the COVID-19 emergency measures, NSW has continued with its structural legislative reforms aimed at improving quality and public confidence in the construction sector. The roadmap for reform of the construction sector was announced in February 2020, with the NSW Government’s Six Pillar Reform Plan targeted at:
Industry and government working groups are focused on actioning each of the Six Pillars, and Nexus will continue to closely follow and report on developments throughout the course of 2021.
Key legislative moments for Australia’s Construction & Infrastructure industry this year included:
The Construction sector remains a driving force for the economy and Nexus looks forward to working with you in 2021 to help navigate and succeed in this new legislative landscape.
As part of our joint webinar discussion series, the CFO Centre & Nexus Construction discuss the options available to a company negatively impacted by COVID & lockdowns
NSW Govt. announces amendment to the public health order, allowing construction workers to leave & work outside Locked Down LGAs, under strict requirements.