FTMA Members have all been under the pump, trying to keep up with the ever-increasing demand created by the HomeBuilder program, however, it was getting to a stage where there were serious concerns about builders going under that resulted in a policy realignment.
FTMA Australia worked with MGA TMA, TTIA & TABMA to lobby all levels of Government in the hope that they would extend the construction commencement requirements from six months to 18 months, and we are delighted the Government listened.
We had Zoom meetings with Treasury officials and FTMA Board Member, Arthur Potter met with representatives from the Housing Minister & Treasurer’s office to raise the concerns of fabricators and push for change.
On 17 April 2021, the Government announced it would extend the construction commencement requirement from six months to 18 months for all applications (i.e. for all contracts signed 4 June 2020‑31 March 2021 inclusive).
FTMA thanks all the members who followed up with their local members of parliament to help raise our concerns and present a copy of our joint policy paper, which addressed the significant and unsustainable building industry distress caused by the overwhelming success of the HomeBuilder Grant.
Everyone in the supply chain now must push for calm and for stability within the sector. And even though we do not believe things will slow down overnight, we do believe it will help ease the pressure on the supply chain and most importantly, it will allow builders to manage their projects without unnecessary deadlines.
There is a lot happening behind the scenes to address the supply issue and we encourage everyone to continue to demonstrate patience and kindness.
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