Financial support package for construction industry vital

Property Council of Australia has welcomed the confirmation from the NSW Government today that the financial support packages announced last week would be made ‘fit for purpose’ to provide vital support for the construction industry

Acting NSW Executive Director of the Property Council of Australia, Lauren Conceicao has said financial support and clear communication of what was available to support workers and businesses is critical to give industry participants the confidence and financial capacity they need to get through the shut down and past 30 July.

“Property Council has been working extremely closely with the NSW Government to ensure that we find a way through this and the specifics of the industry are being assessed as decisions are being made and reviewed,” said Ms Conceicao.

“This shut down has caused shock waves and even a two week pause will have major economic impacts for the industry and our focus is to ensure that the options and solutions being put forward on both the financial front and reopening plan supports the industry to get back on its feet.

“While we focus on the immediate challenges, we know that vaccination is key to getting the state’s economy back up and running, and we will need a strong roadmap implemented to exit from the lockdown successfully, with vaccination of our workers made a priority.

“We will continue to work constructively with Government as the matter progresses and thank them for their willingness to listen and work with us as we navigate the impacts of the COVID-19 lockdown for the wider industry.”

/Public Release. This material comes from the originating organization/author(s)and may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s).View in full here.