- Cook Labor Government raising threshold for Construction Training Fund Levy from $20,000 to $100,000
- Will cut red tape and reduce administrative burdens on small and medium businesses
- First time levy has been changed since 1999
- Complements Cook Labor Government plan to build more homes and support construction workforce
The Cook Labor Government is slashing red tape and easing the administrative burden on small and medium businesses with changes to the Construction Training Fund (CTF) Levy.
From 1 July, the threshold for projects that pay the CTF Levy will lift from $20,000 to $100,00.
This is the first time the levy has been changed since 1999.
This will slash red tape for small businesses, ease administrative burdens and streamline processes.
The CTF collects a 0.2 per cent training levy on construction work in Western Australia which is invested back into training and development programs for workers in the building and construction industry.
Funds collected through the levy are reinvested directly into training, upskilling, grants, subsidies, promotion, and career opportunities for people working, starting, or considering a career in construction.
Over the past financial year, the CTF invested more than $70 million in workforce training initiatives to strengthen Western Australia's building and construction industry.
As stated by Skills and Training Minister Amber-Jade Sanderson:
"We want to see more tradies on the tools and more small businesses in the construction and building sector thriving.
"That's why we are raising the threshold of the Construction Training Fund Levy to projects over the value of $100,000.
"This will slash red tape, reduce administrative burdens and streamline processes for small and medium businesses."
