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ARTICLE · 09 FEBRUARY 2013

Collins inquiry into construction insolvency Part 1 - red tape or solving an economic challenge

Corrs Chambers Westgarth
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Part 1 of a two-part analysis of the recommendations of the NSW Construction Industry Insolvency Inquiry.

AustraliaReal Estate and Construction
Shaun Bailey (Formerly With Corrs Chambers Westgarth)
Shaun Bailey (Formerly With Corrs Chambers Westgarth)
Andrew Chew
Andrew Chew
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Part 1 of a two-part analysis of the recommendations of the NSW Construction Industry Insolvency Inquiry.

Construction industry participants have until 21 February 2013 to comment on the Collins Inquiry recommendations on insolvency in the construction industry. The NSW Government initiated the Inquiry following a year marred by high levels of insolvency in the NSW construction industry. The Final Report was released on 28 January 2013.

The Report clearly favours more regulation as the solution to safeguarding sub-contractors interests in construction. But is more regulation the answer?

THE KEY RECOMMENDATIONS

Central to the Report's reform agenda is preventing insolvency by raising barriers to industry entry. The report's 44 recommendations broadly comprise:

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