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Fair Work Bill 'may harm' property industry

On Apr 19 2013
Tagged as:
  • Residential Property


The Fair Work Amendment Bill 2013 has been met with criticism by industry groups that say the ...

The Fair Work Amendment Bill 2013 has been met with criticism by industry groups that say the proposed reforms will impact negatively on the housing industry and property buyers and sellers.

It would directly affect construction workers and builders, as well as real estate agents working varied hours when helping people who are either buying or selling a house.

Proposals in the bill include the need for increased remuneration for employees who work overtime, irregular hours, weekends or public holidays and calls for the introduction of greater compliance processes.

When speaking about the negative impact this will have for the clients of real estate agents, Real Estate Institute of Australia (REIA) president Peter Bushby said: "There is simply no evidence of the need for change and indeed any change imposed by the legislation would add to the cost."

Essentially, this could mean increased agent costs for anyone selling or buying a property.

Master Builders Australia (MBA) also criticised the reforms, with MBA chief executive Wilhelm Harnisch saying: "Implementing new compliance processes is costly and diverts valuable resources from an employer's core business."



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