Footnotes

Footnotes

Executive summary

[1]        Fair Work Ombudsman, Phoenix Activity: Sizing the Problem and Matching Solutions (PricewaterhouseCoopers, June 2012), pp. 2, 15; cited in ATO, Submission 5, p. 12.

List of recommendations

[1]        Senate Economics References Committee, Performance of the Australian Securities and Investments Commission, June 2014, p. 244.

Chapter 1 - Introduction

[1]        Journals of the Senate, No. 74, 4 December 2014, pp. 1987–1988.

[2]        Journals of the Senate, No. 116, 15 September 2015, pp. 3120–3121.

[3]        Journals of the Senate, No. 74, 4 December 2014, pp. 1987–1988.

Chapter 2 - Overview and background

[1]        ETUA, Submission 4, pp. 5–6, [17]. Mr. Dave Noonan, National Secretary, CFMEU, Official Committee Hansard, 12 June 2015, p. 2.

[2]        CFMEU, Submission 15, p. 6.

[3]        CFMEU, Submission 15, p. 6.

[4]        Official Committee Hansard, 31 August 2015, p. 2.

[5]        Subcontractors Alliance, Submission 18, p. 2. See also Mr Chris Rankin, Executive Director, Air Conditioning and Mechanical Contractors' Association of Australia, Official Committee Hansard, 21 September 2015, p. 11.

[6]        HIA, Submission 7, p. 5.

[7]        AMCA, Submission 9, p. 2.

[8]        Subcontractors Alliance, Submission 18, p. 2.

[9]        CFMEU, Submission 15, p. 6.

[10]      Final Report of the Royal Commission into the Building and Construction Industry: Volume 3 National Perspectives Part 1 (2003), p. 60.

[11]      CFMEU, Submission 15, p. 6.

[12]      AMCA, Submission 9, p. 1.

[13]      AMCA, Submission 9, p. 1.

[14]      Official Committee Hansard, 21 September 2015, p. 4.

[15]      Official Committee Hansard, 21 September 2015, p. 4.

[16]      Official Committee Hansard, 21 September 2015, p. 15.

[17]      Official Committee Hansard, 21 September 2015, p. 15.

[18]      Proof Committee Hansard, 26 October 2015, pp. 5–6.

[19]      See Melbourne Law School and Monash Business School, Submission 1, p. 5 and ARITA Submission 8, p. 2.

[20]      ARITA Submission 8, p. 2.

[21]      Insolvency Practitioners Association, Submission 202, pp. 5–6, Economics References Committee, Inquiry into the Performance of the Australian Securities and Investments Commission, 2014.

[22]      Economics References Committee, The Performance of the Australian Securities and Investments Commission, 2014, p. 355; see generally pp. 352–356.

[23]      Economics References Committee, The Performance of the Australian Securities and Investments Commission, 2014, p. 356, Recommendation 39.

[24]      ASIC, Submission 11, p. 11.

[25]      CFMEU, Submission 15, p. 7.

[26]      ASIC, Submission 11, p. 11.

[27]      Proof Committee Hansard, 28 September 2015, pp. 37–38. See also Proof Committee Hansard, 28 September 2015, p. 28.

[28]      ASIC, Submission 11, pp. 3–4.

[29]      ASIC Submission 11, p. 20.

[30]      Final Report of the Independent Inquiry into Construction Industry Insolvency in NSW (2012), p. 40; cited in CFMEU, Submission 15, p. 8.

[31]      AMCA, Submission 9, p. 1.

[32]      AMCA, Submission 9, p. 1.

[33]      Official Committee Hansard, 21 September 2015, p. 2.

[34]      Official Committee Hansard, 21 September 2015, p. 12.

[35]      See for example: Mr John Chapman, South Australian Small Business Commissioner, Official Committee Hansard, 21 September 2015, p. 1.

[36]      ETUA, Submission 4, p. 11.

[37]      AMCA, Submission 9, p. 2.

[38]      AMCA, Submission 9, p. 3.

[39]      AMCA, Submission 9, p. 3.

[40]      Official Committee Hansard, 31 August 2015, p. 3.

[41]      Official Committee Hansard, 31 August 2015, p. 3.

[42]      Official Committee Hansard, 31 August 2015, p. 3.

[43]      Official Committee Hansard, 21 September 2015, p. 15.

[44]      AMCA, Submission 9, p. 3.

[45]      AMCA, Submission 9, p. 1.

[46]      AMCA, Submission 9, pp. 1–2.

[47]      AMCA, Submission 9, p. 2.

[48]      Subcontractors Alliance, Submission 18, p. 3.

[49]      Proof Committee Hansard, 28 September 2015, p. 20.

[50]      Official Committee Hansard, 12 June 2015, p. 43. See also Miss Rachel Prater, Prater Kitchens, Official Committee Hansard, 21 September 2015, pp. 36–37.

[51]      Official Committee Hansard, 12 June 2015, p. 4.

[52]      CFMEU, Submission 15, p. 7.

[53]      Official Committee Hansard, 12 June 2015, p. 4.

[54]      Official Committee Hansard, 12 June 2015, p. 5.

[55]      ATO, Submission 5, p. 6.

[56]      Official Committee Hansard, 31 August 2015, p. 21.

[57]      Official Committee Hansard, 21 September 2015, p. 2.

[58]      Mr Edward Sain, Official Committee Hansard, 21 September 2015, p. 46.

[59]      Final Report of the Independent Inquiry into Construction Industry Insolvency in NSW (2012), p. 352.

[60]      Final Report of the Independent Inquiry into Construction Industry Insolvency in NSW (2012), p. 353, Recommendation 3.

[61]      Australian Institute of Building, Submission 12, p. 4; ETUA, Submission 4, p. 2; Cbus Super, Submission 13, p. 11.

[62]      Cbus Super, Submission 13, p. 11.

[63]      Proof Committee Hansard, 26 October 2015, p. 2.

[64]      Economics References Committee, The Performance of the Australian Securities and Investments Commission, 2014, p. 356, Recommendation 39.

Chapter 3 - Economic effects of construction industry insolvencies

[1]        CFMEU, Submission 15, p. 13; citing ASIC, Report 412: Insolvency Statistics: External Administrators' Reports (July 2013 to June 2014) (2014), p. 36.

[2]        CFMEU, Submission 15, p. 13.

[3]        CFMEU, Submission 15, p. 13.

[4]        CFMEU, Submission 15, p. 9 and ASIC, Submission 11, pp. 13–14. 

[5]        CFMEU, Submission 15, p. 9.

[6]        CFMEU, Submission 15, p. 9; citing ASIC, Report 412: Insolvency Statistics: External Administrators' Reports (July 2013 to June 2014) (2014), pp. 43–44.

[7]        CFMEU, Submission 15, p. 9.

[8]        Corporations Act 2001 (Cth), s 556(1)(e)–(g).

[9]        ASIC Submission 11, pp. 15–17. Note that ASIC's figures exclude initial administrator reports which contained internally inconsistent information.

[10]      CFMEU, Submission 15, p. 9.

[11]      Official Committee Hansard, 31 August 2015, p. 9.

[12]      Cbus Super, Submission 13, p. 2.

[13]      Official Committee Hansard, 31 August 2015, p. 3.

[14]      Official Committee Hansard, 21 September 2015, p. 31.

[15]      Cbus Super, Submission 13, pp. 2, 7–8.

[16]      Cbus Super, Submission 13, p. 2.

[17]      Cbus Super, Submission 13, p. 2.

[18]      Cbus Super, Submission 13, p. 3.

[19]      CFMEU, Submission 15, p. 10.

[20]      CFMEU, Submission 15, p. 10.

[21]      Official Committee Hansard, 31 August 2015, p. 4.

[22]      CFMEU, Submission 15, p. 3.

[23]      Final Report of the Independent Inquiry into Construction Industry Insolvency in NSW (2012), p. 30.

[24]      Discussion and Issues Paper, Independent Inquiry into Construction Industry Insolvency in NSW (2012), p. 20.

[25]      Masonry Contractors Association of NSW & ACT, Submission 16, p. 1.

[26]      'Tagara Builders director Tullio Tagliaferri apologises for collapse, union calls for insolvency inquiry to visit Adelaide', ABC News, 14 July 2015 http://www.abc.net.au/news/2015-07-14/cfmeu-calls-for-insolvency-inquiry-to-stop-in-adelaide/6617510 (accessed 19 November 2015).

[27]      Official Committee Hansard, 21 September 2015, p. 23.

[28]      Official Committee Hansard, 31 August 2015, p. 23.

[29]      Official Committee Hansard, 12 June 2015, p. 29.

[30]      Proof Committee Hansard, 26 October 2015, p. 29.

[31]      Official Committee Hansard, 31 August 2015, p. 7.

[32]      CFMEU, Submission 15, p. 12.

[33]      ATO, Submission 5, p. 18.

[34]      ATO, Submission 5, p. 7.

[35]      Proof Committee Hansard, 28 September 2015, p. 16.

[36]      ATO, Submission 5, p. 7.

[37]      Proof Committee Hansard, 28 September 2015, p. 16.

[38]      ASIC, Submission 11, p. 14.

[39]      Mr. Dave Noonan, National Secretary, CFMEU, Official Committee Hansard, 12 June 2015, p. 2.

[40]      Department of Employment, Submission 22, p. 1.

[41]      Department of Employment, Submission 22, pp. 1, 6.

[42]      Ms Sue Saunders, Branch Manager, Fair Entitlements Guarantee, Department of Employment, Proof Committee Hansard, 4 November 2015, p. 16.

[43]      Department of Employment, answer to questions on notice, 4 November 2015 (received 19 November 2015), p. 1.

[44]      Department of Employment, answer to questions on notice, 4 November 2015 (received 19 November 2015), p. 1.

[45]      Proof Committee Hansard, 4 November 2015, p. 17.

[46]      Proof Committee Hansard, 4 November 2015, p. 17.

[47]      Proof Committee Hansard, 4 November 2015, p. 20.

[48]      Department of Employment, Submission 22, p. 2.

[49]      See, for example, the Australian Construction Industry Redundancy Trust, the Contracting Industry Redundancy Trust and the Building Employees Redundancy Trust.

[50]      ATO, Submission 5, p. 7.

[51]      ASIC, Submission 11, p. 18.

[52]      CFMEU, Submission 15, p. 12.

[53]      Department of Employment, answer to questions on notice, 4 November 2015 (received 19 November 2015), p. 2.

[54]      Department of Employment, answer to questions on notice, 4 November 2015 (received 19 November 2015), p. 2.

[55]      Proof Committee Hansard, 4 November 2015, p. 20.

[56]      Proof Committee Hansard, 4 November 2015, p. 21.

Chapter 4 - Broader effects of construction industry insolvencies

[1]        Subcontractors Alliance, Submission 18.1, p. 2.

[2]        Official Committee Hansard, 12 June 2015, p. 28.

[3]        Michael McGeary, Submission 21, p. 1.

[4]        Michael McGeary, Submission 21, p. 2.

[5]        CFMEU, Submission 15, p. 15.

[6]        Official Committee Hansard, 12 June 2015, p. 50.

[7]        Official Committee Hansard, 12 June 2015, p. 2.

[8]        Official Committee Hansard, 21 September 2015, p. 41.

[9]        Official Committee Hansard, 12 June 2015, p. 43.

[10]      Official Committee Hansard, 31 August 2015, p. 5.

[11]      Proof Committee Hansard, 26 October 2015, p. 15.

[12]      Official Committee Hansard, 21 September 2015, p. 20.

[13]      HIA, Submission 7, p. 1.

[14]      ETUA, Submission 4, p. 10. See also CFMEU, Submission 15, p. 5.

[15]      CFMEU, Submission 15, p. 23.

[16]      Name withheld, Submission 17, p. 2.

[17]      Official Committee Hansard, 21 September 2015, p. 18.

[18]      HIA, Submission 7, p. 1.

[19]      AMCA, Submission 9, pp. 3–4.

[20]      Official Committee Hansard, 12 June 2015, p. 50.

[21]      Official Committee Hansard, 12 June 2015, p. 50.

[22]      Official Committee Hansard, 12 June 2015, p. 50.

[23]      Official Committee Hansard, 12 June 2015, p. 16.

[24]      CFMEU, Submission 15, p. 23.

[25]      Official Committee Hansard, 12 June 2015, pp. 49–50.

[26]      Official Committee Hansard, 12 June 2015, p. 50.

[27]      Proof Committee Hansard, 4 November 2015, p. 11.

[28]      Proof Committee Hansard, 4 November 2015, p. 11.

[29]      Proof Committee Hansard, 4 November 2015, p. 2.

[30]      Australian Bureau of Statistics, Innovation in Australian Business, 201213, Cat. No. 8158.0, 21 August 2014.

[31]      Official Committee Hansard, 12 June 2015, p. 50.

[32]      Michael Hogan, Submission 20, pp. 3–4 and Official Committee Hansard, 12 June 2015,           pp. 37–38.

[33]      Frank Nadinic, Response to Submission 20, p. 4 and Official Committee Hansard, 29 September 2015, pp. 12, 20–21, 23, 25.

[34]      Private correspondence to the committee from Victorian Police (received 16 November 2015).

[35]      MBA, Submission 3, pp. 12–13; citing Ilya Gridneff, 'Bikie gangs called in on building debts', The Sun-Herald, 10 March 2013.

[36]      Proof Committee Hansard, 4 November 2015, p. 3.

[37]      Official Committee Hansard, 12 June 2015, p. 3.

[38]      Official Committee Hansard, 12 June 2015, p. 8.

[39]      Official Committee Hansard, 12 June 2015, p. 3.

[40]      CFMEU, Submission 15, p. 27.

[41]      CFMEU, Submission 15, p. 27.

[42]      CFMEU, Submission 15, p. 27.

[43]      Official Committee Hansard, 12 June 2015, p. 3.

[44]      CFMEU, Submission 15, p. 27.

[45]      MBA, Submission 3, p. 12.

Chapter 5 - Illegal phoenix activity and other misconduct

[1]        Helen Anderson, Ann O'Connell, Ian Ramsay, Michelle Welsh and Hannah Withers, Quantifying Phoenix Activity: Incidence, Cost, Enforcement (Melbourne Law School and Monash Business School, October 2015), p. 84.

[2]        ATO, Submission 5, p. 11.

[3]        Melbourne Law School and Monash Business School, Submission 1, p. 1.

[4]        ASIC, Submission 11, p. 26.

[5]        Melbourne Law School and Monash Business School, Submission 1, p. 2.

[6]        Official Committee Hansard, 29 September 2015, pp. 4–5.

[7]        Melbourne Law School and Monash Business School, Submission 1, pp. 2–3.

[8]        ASIC, Submission 11, p. 21.

[9]        Official Committee Hansard, 29 September 2015, pp. 7–8.

[10]      ASIC, Submission 11, p. 4.

[11]      ASIC, Submission 11, p. 4.

[12]      Cited in CFMEU, Submission 15, p. 18.

[13]      ASIC, Submission 11, pp. 26–27.

[14]      Fair Work Ombudsman, Phoenix Activity: Sizing the Problem and Matching Solutions (prepared by PricewaterhouseCoopers, June 2012), p. iii. Cited in MBA, Submission 3, p. 9.

[15]      ATO, Submission 5, p. 11.

[16]      Melbourne Law School and Monash Business School, Submission 1, p. 2.

[17]      Helen Anderson, Ann O'Connell, Ian Ramsay, Michelle Welsh and Hannah Withers, Defining and Profiling Phoenix Activity (Melbourne Law School and Monash Business School, December 2014), p. 3.

[18]      ATO, Submission 5, p. 11.

[19]      Helen Anderson, et al, Defining and Profiling Phoenix Activity (Melbourne Law School and Monash Business School, December 2014), p. 3.

[20]      Helen Anderson, et al, Defining and Profiling Phoenix Activity (Melbourne Law School and Monash Business School, December 2014), p. 2.

[21]      Helen Anderson, et al, Defining and Profiling Phoenix Activity (Melbourne Law School and Monash Business School, December 2014), p. 2.

[22]      ASIC, Submission 11, p. 21.

[23]      ASIC, Submission 11, p. 6.

[24]      ASIC, Submission 11, p. 27.

[25]      See paragraph 12.44.

[26]      Final Report of the Royal Commission into the Building and Construction Industry: Volume 8 Reform—National Issues Part 2 (2003), p. 161.

[27]      CFMEU, Submission 15, p. 18.

[28]      Final Report of the Royal Commission into the Building and Construction Industry: Volume 8 Reform—National Issues Part 2 (2003), pp. 133–134.

[29]      ATO, Submission 5, p. 3.

[30]      ASIC, Submission 11, p. 27.

[31]      ASIC, Submission 11, p. 21.

[32]      ASIC, Submission 11, p. 22.

[33]      Proof Committee Hansard, 28 September 2015, p. 18.

[34]      Fair Work Ombudsman, Phoenix Activity: Sizing the Problem and Matching Solutions (prepared by PricewaterhouseCoopers, June 2012), p. 62. Cited in MBA, Submission 3, p. 10.

[35]      MBA, Submission 3, p. 10.

[36]      Proof Committee Hansard, 4 November 2015, p. 1.

[37]      Melbourne Law School and Monash Business School, Submission 1, p. 5.

[38]      Helen Anderson et al, Quantifying Phoenix Activity: Incidence, Cost, Enforcement (Melbourne Law School and Monash Business School, October 2015), p. 34.

[39]      Helen Anderson et al, Quantifying Phoenix Activity: Incidence, Cost, Enforcement (Melbourne Law School and Monash Business School, October 2015), p. 12.

[40]      Official Committee Hansard, 29 September 2015, p. 6.

[41]      Official Committee Hansard, 29 September 2015, p. 9. See also Helen Anderson et al, Quantifying Phoenix Activity: Incidence, Cost, Enforcement (Melbourne Law School and Monash Business School, October 2015), p. 34.

[42]      CFMEU, Submission 15, p. 18.

[43]      Helen Anderson et al, Quantifying Phoenix Activity: Incidence, Cost, Enforcement (Melbourne Law School and Monash Business School, October 2015), p. 35.

[44]      Helen Anderson et al, Quantifying Phoenix Activity: Incidence, Cost, Enforcement (Melbourne Law School and Monash Business School, October 2015), p. 35.

[45]      Fair Work Ombudsman, Phoenix Activity: Sizing the Problem and Matching Solutions (prepared by PricewaterhouseCoopers, June 2012), pp. 2, 15. Cited in ATO, Submission 5, p. 12.

[46]      Fair Work Ombudsman, Phoenix Activity: Sizing the Problem and Matching Solutions (prepared by PricewaterhouseCoopers, June 2012), p. 15. Cited in ASIC, Submission 11, p. 28.

[47]      Fair Work Ombudsman, Phoenix Activity: Sizing the Problem and Matching Solutions (prepared by PricewaterhouseCoopers, June 2012), pp. iii, 26. Cited in CFMEU, Submission 15, p. 19.

[48]      AMCA, Submission 9, p. 3.

[49]      Proof Committee Hansard, 4 November 2015, p. 1.

[50]      Proof Committee Hansard, 4 November 2015, p. 4.

[51]      Melbourne Law School and Monash Business School, Submission 1, p. 7 and Associate Professor Michelle Welsh, Official Committee Hansard, 29 September 2015, p. 5.

[52]      Official Committee Hansard, 21 September 2015, p. 5.

[53]      Official Committee Hansard, 21 September 2015, p. 51.

[54]      Melbourne Law School and Monash Business School, Submission 1, p. 8.

[55]      Melbourne Law School and Monash Business School, Submission 1, p. 7.

[56]      Brian Collingburn, Submission 2, pp. 1–2.

[57]      Final Report of the Independent Inquiry into Construction Industry Insolvency in NSW (2012), p. 33.

[58]      Proof Committee Hansard, 26 October 2015, pp. 35–36.

[59]      Private correspondence to the committee from Mr David Simmons (received 18 November 2015).

[60]      Melbourne Law School and Monash Business School, Submission 1, p. 3.

[61]      Official Committee Hansard, 12 June 2015, p. 48.

[62]      ATO, Submission 5, p. 24.

[63]      ATO, Submission 5, p. 16.

[64]      ATO, Submission 5, p. 20.

[65]      ATO, Submission 5, p. 20.

[66]      ATO, Submission 5, p. 14.

[67]      Final Report of the Royal Commission into the Building and Construction Industry: Volume 8 Reform – National Issues Part 2 (2003), p 106, Recommendation 102.

[68]      Department of Employment, Submission 22, p. 2.

[69]      Department of Employment, answer to questions on notice, 4 November 2015 (received 19 November 2015), p. 4.

[70]      Explanatory Statement, Select Legislative Instrument No. 176, 2014, p. 2.

[71]      ASIC, Submission 11, p. 35.

[72]      Proof Committee Hansard, 28 September 2015, p. 21.

[73]      ATO, Submission 5, p. 21. See also Proof Committee Hansard, 28 September 2015, p. 21.

[74]      Proof Committee Hansard, 28 September 2015, p. 21.

[75]      Proof Committee Hansard, 4 November 2015, p. 10.

[76]      Proof Committee Hansard, 4 November 2015, p. 10.

[77]      Proof Committee Hansard, 4 November 2015, p. 19.

[78]      ATO, Submission 5, p. 20.

[79]      Proof Committee Hansard, 28 September 2015, p. 21.

[80]      ATO, answer to questions on notice, 28 September 2015 (received 3 November 2015), p. 2.

[81]      Department of Employment, Submission 22, p. 2.

[82]      ATO, Submission 5, p. 21.

[83]      ASIC, Submission 11, p. 21.

[84]      Proof Committee Hansard, 28 September 2015, p. 19.

[85]      CFMEU, Submission 15, p. 3.

[86]      ATO, Submission 5, p. 22.

[87]      ASIC, Submission 11, p. 30.

[88]      See paragraphs 9.3–9.18.

[89]      ASIC, Submission 11, p. 31.

[90]      ASIC, Submission 11, p. 31.

[91]      ASIC, Submission 11, p. 31.

[92]      ASIC, Submission 11, p. 31.

[93]      ASIC, Submission 11, p. 31.

[94]      ASIC, Submission 11, p. 33.

[95]      Melbourne Law School and Monash Business School, Submission 1, p. 10.

[96]      CFMEU, Submission 15, p. 24. See ASIC, Report 412: Insolvency Statistics: External Administrators' Reports (July 2013 to June 2014) (2014), pp. 29–30.

[97]      CFMEU, Submission 15, p. 24. See ASIC, Report 412: Insolvency Statistics: External Administrators' Reports (July 2013 to June 2014) (2014), p. 19.

[98]      ASIC, Report 412: Insolvency Statistics: External Administrators' Reports (July 2013 to June 2014) (2014), p. 22.

[99]      CFMEU, Submission 15, p. 24; Tabulated from ASIC, Report 412: Insolvency Statistics: External Administrators' Reports (July 2013 to June 2014) (2014), p. 30.

[100]    CFMEU, Submission 15, p. 25. Tabulated from ASIC, Report 412: Insolvency Statistics: External Administrators' Reports (July 2013 to June 2014) (2014), p. 29.

[101]    ASIC, Report 412: Insolvency Statistics: External Administrators' Reports (July 2013 to June 2014) (2014), p. 26.

[102]    See paragraphs 7.20–7.23.

Chapter 6 - The Collapse of Walton Constructions

[1]        Official Committee Hansard, 31 August 2015, p. 21.

[2]        Official Committee Hansard, 31 August 2015, p. 21.

[3]        Official Committee Hansard, 29 September 2015, p. 28.

[4]        Official Committee Hansard, 29 September 2015, p. 30.

[5]        Jonathan Sive, Submission 18, Attachment 1, p. 7.

[6]        Subcontractors Alliance, Submission 18, p. 4.

[7]        Subcontractors Alliance, Submission 18, pp. 4–5.

[8]        Proof Committee Hansard, 28 September 2015, p. 34.

[9]        ASIC v Franklin [2014] FCAFC 85, [124]–[126] (White J).

[10]      Official Committee Hansard, 31 August 2015, p. 45.

[11]      Official Committee Hansard, 31 August 2015, p. 46.

[12]      Proof Committee Hansard, 4 November 2015, p. 32.

[13]      Proof Committee Hansard, 4 November 2015, p. 25.

[14]      Proof Committee Hansard, 4 November 2015, p. 23.

[15]      Proof Committee Hansard, 4 November 2015, p. 23.

[16]      Proof Committee Hansard, 4 November 2015, p. 27.

[17]      Proof Committee Hansard, 4 November 2015, p. 26.

[18]      Proof Committee Hansard, 4 November 2015, p. 23.

[19]      Proof Committee Hansard, 4 November 2015, p. 23.

[20]      Proof Committee Hansard, 4 November 2015, p. 23.

[21]      Official Committee Hansard, 29 September 2015, p. 30.

[22]      Official Committee Hansard, 29 September 2015, p. 34.

[23]      Official Committee Hansard, 29 September 2015, pp. 34–35.

[24]      Official Committee Hansard, 29 September 2015, p. 35.

[25]      Official Committee Hansard, 29 September 2015, p. 33.

[26]      Official Committee Hansard, 31 August 2015, pp. 14 and 16.

[27]      NAB, answer to questions on notice, 4 November 2015 (received 24 November 2015), Annexure C. See also: Proof Committee Hansard, 4 November 2015, pp. 24 and 32.

[28]      Proof Committee Hansard, 4 November 2015, p. 32.

[29]      Proof Committee Hansard, 4 November 2015, p. 30. See also NAB, answer to questions on notice, 4 November 2015 (received 24 November 2015), p. 2.

[30]      Proof Committee Hansard, 4 November 2015, p. 24; p. 30.

[31]      Proof Committee Hansard, 4 November 2015, p. 30.

[32]      Proof Committee Hansard, 4 November 2015, p. 23.

[33]      See, for example, Mr. Leonard Willis, Director, P&W Enterprises Ltd, Official Committee Hansard, 31 August 2015, p. 25.

[34]      Official Committee Hansard, 29 September 2015, p. 31.

[35]      Official Committee Hansard, 29 September 2015, p. 34.

[36]      Proof Committee Hansard, 4 November 2015, p. 26.

[37]      Proof Committee Hansard, 4 November 2015, pp. 25, 29.

[38]      Official Committee Hansard, 31 August 2015, p. 38.

[39]      Official Committee Hansard, 31 August 2015, p. 47.

[40]      Official Committee Hansard, 31 August 2015, p. 48.

[41]      Official Committee Hansard, 29 September 2015, p. 31.

[42]      Proof Committee Hansard, 28 September 2015, pp. 14–15.

[43]      Proof Committee Hansard, 28 September 2015, p. 15.

[44]      Proof Committee Hansard, 28 September 2015, p. 31.

[45]      Jonathan Sive, Submission 18, Attachment 1, p. 7.

[46]      Subcontractors Alliance, Submission 18, p. 4.

[47]      Subcontractors Alliance, Submission 18, p. 5.

[48]      Mr Glenn Franklin, PKF Lawler, Official Committee Hansard, 29 September 2015, p. 40.

[49]      Associate Professor Michelle Welsh, Official Committee Hansard, 29 September 2015, p. 5.

[50]      ASIC, Submission 11, p. 27.

[51]      QBCC, Submission 19, p. 3.

[52]      Subcontractors Alliance, Submission 18, p. 5.

[53]      Official Committee Hansard, 31 August 2015, p. 29.

[54]      Jonathan Sive, Submission 18, Attachment 1, p. 2  

[55]      QBCC, Submission 19, p. 7.

[56]      QBCC, Submission 19, p. 7.

[57]      Official Committee Hansard, 31 August 2015, p. 28.

[58]      Official Committee Hansard, 31 August 2015, p. 14.

[59]      Official Committee Hansard, 31 August 2015, p. 3.

[60]      Official Committee Hansard, 31 August 2015, p. 37. See also p. 38: 'We were not receiving information from the subcontractors and suppliers or any of the other creditors, potential creditors, that bought into question. Those are the facts of the matter. We suspend or cancel licences, as I have just demonstrated here, all the time for not paying debts or not meeting the financial requirements for licensing'.

[61]      Official Committee Hansard, 31 August 2015, p. 29.

[62]      Official Committee Hansard, 31 August 2015, p. 29.

[63]      See above, paragraph 5.69.

[64]      See Recommendation 14.

[65]      Subcontractors Alliance, Submission 18, p. 1.

[66]      Official Committee Hansard, 31 August 2015, pp. 14–15.

[67]      Official Committee Hansard, 31 August 2015, p. 3.

[68]      Official Committee Hansard, 31 August 2015, p. 44.

[69]      QBCC, Submission 19, p. 4.

[70]      Official Committee Hansard, 31 August 2015, p. 35.

[71]      Mr Michael Chesterman, QBCC, Official Committee Hansard, 31 August 2015, p. 41.

[72]      Official Committee Hansard, 12 June 2015, p. 26.

[73]      Official Committee Hansard, 12 June 2015, p. 21.

[74]      Official Committee Hansard, 12 June 2015, p. 21.

[75]      Official Committee Hansard, 12 June 2015, p. 28.

[76]      Official Committee Hansard, 12 June 2015, p. 28. See paragraph 4.3.

[77]      Official Committee Hansard, 12 June 2015, p. 19.

[78]      Official Committee Hansard, 12 June 2015, p. 19.

[79]      Official Committee Hansard, 31 August 2015, p. 24.

[80]      Official Committee Hansard, 31 August 2015, p. 25.

[81]      Proof Committee Hansard, 4 November 2015, p. 30.

  - Assessing the legislative framework

[1]        Official Committee Hansard, 29 September 2015, p. 7.

[2]        Proof Committee Hansard, 28 September 2015, p. 17.

[3]        Official Committee Hansard, 21 September 2015, p. 3.

[4]        A notable exception is Master Builders Australia. Mr Wilhelm Harnisch considered that existing institutional regulatory arrangements are both capable and adequate to deal with insolvencies and phoenixing: Proof Committee Hansard, 4 November 2015, p. 1.

[5]        Official Committee Hansard, 21 September 2015, p. 3.

Chapter 7 - Action against directors

[1]        Proof Committee Hansard, 28 September 2015, p. 35.

[2]        Proof Committee Hansard, 28 September 2015, p. 35.

[3]        Proof Committee Hansard, 28 September 2015, p. 29.

[4]        Proof Committee Hansard, 28 September 2015, p. 35.

[5]        Proof Committee Hansard, 28 September 2015, p. 43.

[6]        Economics References Committee, Performance of the Australian Securities and Investments Commission (2014), p. 244.

[7]        ASIC, Submission 11, p. 29.

[8]        ASIC, Submission 11, p. 32.

[9]        ASIC, Regulatory Guide 109: Assetless Administration Fund: Funding Criteria and Guidelines (November 2012), paragraphs RG109.41–42. 

[10]      ASIC, Submission 11, p. 33.

[11]      CFMEU, Submission 15, p. 29.

[12]      ASIC, Submission 11, p. 32.

[13]      ASIC, Report 412: Insolvency Statistics: External Administrators' Reports (July 2013 to June 2014) (2014), p. 23.

[14]      Helen Anderson, The Protection of Employee Entitlements in Insolvency: An Australian Perspective (MUP, 2014), p. 70.

[15]      Helen Anderson, The Protection of Employee Entitlements in Insolvency: An Australian Perspective (MUP, 2014), p. 70.

[16]      CFMEU, Submission 15, p. 28.

[17]      Proof Committee Hansard, 28 September 2015, p. 11.

[18]      Proof Committee Hansard, 28 September 2015, p. 10.

[19]      Official Committee Hansard, 29 September 2015, p. 39.

[20]      Proof Committee Hansard, 28 September 2015, p. 10.

[21]      Proof Committee Hansard, 28 September 2015, p. 10.

[22]      Official Committee Hansard, 29 September 2015, p. 39.

[23]      Official Committee Hansard, 29 September 2015, p. 39.

[24]      Official Committee Hansard, 29 September 2015, p. 8.

[25]      ASIC, Submission 11, p. 31.

[26]      Proof Committee Hansard, 28 September 2015, p. 36.

[27]      Proof Committee Hansard, 28 September 2015, p. 35.

[28]      Proof Committee Hansard, 28 September 2015, p. 35.

[29]      Proof Committee Hansard, 28 September 2015, p. 35.

[30]      Proof Committee Hansard, 28 September 2015, p. 35.

[31]      Proof Committee Hansard, 28 September 2015, pp. 35, 43–44.

[32]      Mr. Dave Kirner, Assistant Secretary, CFMEU South Australia, Official Committee Hansard, 21 September 2015, p. 32.

[33]      Official Committee Hansard, 29 September 2015, p. 8.

[34]      Proof Committee Hansard, 28 September 2015, pp. 18–19.

[35]      CFMEU, Submission 15, p. 29.

[36]      Official Committee Hansard, 21 September 2015, p. 23.

[37]      Senate Economics References Committee, Performance of the Australian Securities and Investments Commission, June 2014, p. 244.

[38]      Senate Economics References Committee, Performance of the Australian Securities and Investments Commission, June 2014, p. 244.

[39]      ATO, Submission 5, p. 29.

[40]      ATO, Submission 5, p. 29.

[41]      Australian National Audit Office, Audit Work Program (July, 2015), p. 135.

[42]      Proof Committee Hansard, 28 September 2015, p. 17.

[43]      Proof Committee Hansard, 28 September 2015, p. 17.

[44]      ATO, Submission 5, p. 23. See further: Proof Committee Hansard, 28 September 2015, p. 16.

[45]      ATO, Submission 5, p. 24.

[46]      CFMEU, Submission 15, p. 22.

[47]      Name withheld, Submission 17, p. 3.

[48]      ASIC, Submission 11, p. 21.

[49]      Parliamentary Joint Committee on Corporations and Financial Services, Corporate Insolvency Laws: A Stocktake (June 2004), p. 185, Recommendation 43.

[50]      Helen Anderson, The Protection of Employee Entitlements in Insolvency: An Australian Perspective (MUP, 2014), p. 167.

[51]      Proof Committee Hansard, 28 September 2015, p. 11.

[52]      ARITA, Submission 8.1, p. 2.

[53]      Helen Anderson, The Protection of Employee Entitlements in Insolvency: An Australian Perspective (MUP, 2014), p. 168.

[54]      CFMEU, Submission 15, p. 28.

Chapter 8 - Security of payments legislation

[1]        Official Committee Hansard, 31 August 2015, p. 23.

[2]        Official Committee Hansard, 21 September 2015, p. 62.

[3]        Official Committee Hansard, 21 September 2015, p. 32.

[4]        Mr Matthew Strassberg, Veda, Proof Committee Hansard, 28 September 2015, p. 3.

[5]        Building and Construction Industry (Security of Payment) Act 1999 (NSW), s 3(1).

[6]        Building and Construction Industry Security of Payment Act 2002 (Vic).

[7]        Building and Construction Industry Payments Act 2004 (Qld).

[8]        Building and Construction Industry Security of Payment Act 2009 (Tas).

[9]        Building and Construction Industry (Security of Payment) Act 2009 (SA).

[10]      Building and Construction Industry (Security of Payment) Act 2009 (ACT).

[11]      HIA, Submission 7, p. 5.

[12]      HIA, Submission 7, p. 6.

[13]      HIA, Submission 7, p. 6.

[14]      Building and Construction Industry Security of Payment Amendment Act 2013 (NSW)

[15]      Robert Fenwick Elliott, Submission 30, pp. 1–5.

[16]      Proof Committee Hansard, 4 November 2015, p. 41.

[17]      BRB Modular Pty Ltd v AWX Constructions Pty Ltd & Ors [2015] QSC 218, [16]–[34].

[18]      Proof Committee Hansard, 4 November 2015, p. 40.

[19]      CFMEU, Submission 15, p. 30.

[20]      CFMEU, Submission 15, p. 30.

[21]      Name withheld, Submission 17, p. 3.

[22]      Final Report of the Review of the Discussion Paper—Payment Dispute Resolution in the Queensland Building and Construction Industry (May 2013), p. 165, Recommendations 17 and 18.

[23]      Construction Contracts Act 2004 (WA).

[24]      Construction Contracts (Security of Payments) Act 2004 (NT).

[25]      Proof Committee Hansard, 26 October 2015, p. 1.

[26]      Society of Construction Law Australia, Report on Security of Payment and Adjudication in the Australian Construction Industry (May 2014), p. 15.

[27]      Contractors Debts Act 1997 (NSW), s. 9.

[28]      Building and Construction Industry Security of Payment Act 1999 (NSW), s 13(4)(b).

[29]      Building and Construction Industry Security of Payment Act 1999 (NSW), s 10(1B).

[30]      Building and Construction Industry Security of Payment Act 1999 (NSW), s 10(1A).

[31]      Building and Construction Industry Security of Payment Act 2002 (Vic), s 14(4)(b).

[32]      Building and Construction Industry Security of Payment Act 2002 (Vic), s 9(2)(b).

[33]      Building and Construction Industry Payments Act 2004 (Qld), s 17A(2)(b).

[34]      Building and Construction Industry Payments Act 2004 (Qld), s 15(1)(b).

[35]      Building and Construction Industry Security of Payment Act 2009 (SA), s 13(4)(b).

[36]      Building and Construction Industry Security of Payment Act 2009 (SA), s 11(1)(b).

[37]      Building and Construction Industry Security of Payment Act 2009 (Tas), s 17(6)(b).

[38]      Building and Construction Industry Security of Payment Act 2009 (Tas), ss 15(2) and 19(3).

[39]      Building and Construction Industry (Security of Payment) Act 2009 (ACT), s 16(4)(b).

[40]      Building and Construction Industry (Security of Payment) Act 2009 (ACT), s 13(1)(b).

[41]      Construction Contracts Act 2004 (WA), s 16; Schedule 1, Div 3, cl. 4(1).

[42]      Construction Contracts Act 2004 (WA), s 10.

[43]      Construction Contracts (Security of Payments) Act (NT), s 19; Schedule 1, Div. 3, cl. 4(1).

[44]      Construction Contracts (Security of Payments) Act (NT), s 13.

[45]      Building and Construction Industry Security of Payment Act 1999 (NSW), s 14(4).

[46]      Building and Construction Industry Security of Payment Act 2002 (Vic), s 15(4).

[47]      Building and Construction Industry Payments Act 2004 (Qld), s 18A(2)(b).

[48]      Building and Construction Industry Payments Act 2004 (Qld), s 18A(3)(b)(i).

[49]      Building and Construction Industry Payments Act 2004 (Qld), s 18A(3)(b)(ii).

[50]      Building and Construction Industry Security of Payment Act 2009 (SA), s 14(4)(b).

[51]      Building and Construction Industry Security of Payment Act 2009 (Tas), s 19(3)(a)

[52]      Building and Construction Industry Security of Payment Act 2009 (Tas), s 19(3)(b).

[53]      Building and Construction Industry (Security of Payment) Act 2009 (ACT), s 16(4)(b)(ii).

[54]      Construction Contracts Act 2004 (WA), s 17; Schedule 1, Div 5, cl. 7(1).

[55]      Construction Contracts Act 2004 (WA), s 17; Schedule 1, Div 5, cl. 8(3).

[56]      Construction Contracts (Security of Payments) Act (NT), s 20; Schedule 1, Div. 5, cl. 6(2)(a).

[57]      Construction Contracts (Security of Payments) Act (NT), s 20; Schedule 1, Div. 5, cl. 6(2)(b).

[58]      Building and Construction Industry Security of Payment Act 1999 (NSW), s 17(1)–(2).

[59]      Building and Construction Industry Security of Payment Act 1999 (NSW), s 20(1).

[60]      Building and Construction Industry Security of Payment Act 1999 (NSW), s 21(3).

[61]      Building and Construction Industry Security of Payment Act 2002 (Vic), s 18(1)–(2).

[62]      Building and Construction Industry Security of Payment Act 2002 (Vic), s 21(1).

[63]      Building and Construction Industry Security of Payment Act 2002 (Vic), s 22(4).

[64]      Building and Construction Industry Payments Act 2004 (Qld), s 21(3)(c)(i)–(iii).

[65]      Building and Construction Industry Payments Act 2004 (Qld), s 24A(2).

[66]      Building and Construction Industry Payments Act 2004 (Qld), s 24A(4).

[67]      Building and Construction Industry Payments Act 2004 (Qld), s 25A(5).

[68]      Building and Construction Industry Payments Act 2004 (Qld), s 24A(5).

[69]      Building and Construction Industry Security of Payment Act 2009 (SA), s 17(3)(c)–(e).

[70]      Building and Construction Industry Security of Payment Act 2009 (SA), s 20(1).

[71]      Building and Construction Industry Security of Payment Act 2009 (SA), s 21(3).

[72]      Building and Construction Industry Security of Payment Act 2009 (Tas), s 21.

[73]      Building and Construction Industry Security of Payment Act 2009 (Tas), s 23(2).

[74]      Building and Construction Industry Security of Payment Act 2009 (Tas), s 24(1).

[75]      Building and Construction Industry (Security of Payment) Act 2009 (ACT), s 19(3).

[76]      Building and Construction Industry (Security of Payment) Act 2009 (ACT), s 22(1).

[77]      Building and Construction Industry (Security of Payment) Act 2009 (ACT), s 23(3)(a).

[78]      Construction Contracts Act 2004 (WA), s 26.

[79]      Construction Contracts Act 2004 (WA), s 27.

[80]      Construction Contracts Act 2004 (WA), s 31(1).

[81]      Construction Contracts (Security of Payments) Act (NT), s 28(1).

[82]      Construction Contracts (Security of Payments) Act (NT), s 29(1).

[83]      Construction Contracts (Security of Payments) Act (NT), s 33(3).

[84]      Official Committee Hansard, 21 September 2015, p. 58.

[85]      Proof Committee Hansard, 26 October 2015, pp. 1–2.

[86]      Proof Committee Hansard, 26 October 2015, p. 2.

[87]      Mr John Chapman, South Australian Small Business Commissioner, Official Committee Hansard, 21 September 2015, p. 7.

[88]      Mr Christopher Rankin, Executive Director, AMCA, Official Committee Hansard, 21 September 2015, p. 12.

[89]      Official Committee Hansard, 21 September 2015, p. 47.

[90]      Environment and Planning Directorate, Improving the ACT Building Regulatory System: Discussion Paper (November 2015), p. 27.

[91]      Official Committee Hansard, 31 August 2015, p. 33.

[92]      Proof Committee Hansard, 4 November 2015, p. 35.

[93]      Proof Committee Hansard, 4 November 2015, p. 35.

[94]      Proof Committee Hansard, 4 November 2015, p. 35.

[95]      Proof Committee Hansard, 4 November 2015, p. 35.

Chapter 9 - Problems with the Security of Payments Acts

[1]        Official Committee Hansard, 12 June 2015, p. 3. See also Mr Dave Kirner, Assistant Secretary, CFMEU South Australia, Official Committee Hansard, 21 September 2015, p. 31.

[2]        Proof Committee Hansard, 26 October 2015, p. 13.

[3]        ASIC, Submission 11, p. 31.

[4]        Final Report of the Independent Inquiry into Construction Industry Insolvency in NSW (2012), p. 46.

[5]        Official Committee Hansard, 21 September 2015, p. 8.

[6]        Official Committee Hansard, 21 September 2015, p. 47.

[7]        Official Committee Hansard, 12 June 2015, p. 30.

[8]        Proof Committee Hansard, 26 October 2015, p. 39.

[9]        ASIC, Submission 11, p. 31.

[10]      Proof Committee Hansard, 28 September 2015, pp. 35–36.

[11]      Proof Committee Hansard, 28 September 2015, p. 20.

[12]      Official Committee Hansard, 21 September 2015, p. 8.

[13]      Official Committee Hansard, 21 September 2015, p. 8.

[14]      Official Committee Hansard, 21 September 2015, p. 14.

[15]      Proof Committee Hansard, 4 November 2015, p. 37.

[16]      Official Committee Hansard, 21 September 2015, p. 4.

[17]      Official Committee Hansard, 21 September 2015, p. 4.

[18]      Official Committee Hansard, 21 September 2015, p. 4.

[19]      Official Committee Hansard, 21 September 2015, p. 25.

[20]      Correspondence to the committee from Dale Webster, Director of Building Control, p. 2.

[21]      Proof Committee Hansard, 4 November 2015, p. 36, p. 39.

[22]      Official Committee Hansard, 31 August 2015, pp. 18–19.

[23]      Official Committee Hansard, 31 August 2015, p. 21.

[24]      Official Committee Hansard, 31 August 2015, p. 34.

[25]      Proof Committee Hansard, 26 October 2015, pp. 5–6.

[26]      Proof Committee Hansard, 26 October 2015, p. 13.

[27]      Proof Committee Hansard, 26 October 2015, p. 19.

[28]      Proof Committee Hansard, 26 October 2015, p. 20.

[29]      Proof Committee Hansard, 26 October 2015, p. 30.

[30]      Official Committee Hansard, 21 September 2015, p. 17.

[31]      See, for example, Mr Len Coyte, Director, Masonry Contractors Association of NSW & ACT, Proof Committee Hansard, 4 November 2015, p. 53.

[32]      Proof Committee Hansard, 4 November 2015, p. 40.

[33]      Official Committee Hansard, 21 September 2015, p. 6. See also Mr. Robert Gaussen, Adjudicate Today, Official Committee Hansard, 21 September 2015, p. 62.

[34]      Mr. John Chapman, South Australian Small Business Commissioner, Official Committee Hansard, 21 September 2015, p. 62. See also Official Committee Hansard, 21 September 2015, p. 2.

[35]      Official Committee Hansard, 21 September 2015, p. 62.

[36]      Official Committee Hansard, 12 June 2015, p. 4.

[37]      See Official Committee Hansard, 12 June 2015, pp. 21, 33–34

[38]      Official Committee Hansard, 21 September 2015, p. 42.

[39]      Proof Committee Hansard, 26 October 2015, p. 25.

[40]      Private correspondence to the committee from Mr Tony Gerber (Pindan) (received 20 November 2015).

[41]      See, for example, Mr. Chris Rankin, Executive Director, AMCA, Official Committee Hansard, 21 September 2015, p. 4.

[42]      Correspondence to the committee from Mr Dale Webster, Director of Building Control, p. 2.

[43]      Correspondence to the committee from Mr Dale Webster, Director of Building Control, p. 2.

[44]      Proof Committee Hansard, 26 October 2015, p. 2.

[45]      Proof Committee Hansard, 26 October 2015, p. 4.

[46]      Official Committee Hansard, 21 September 2015, p. 14.

[47]      Official Committee Hansard, 21 September 2015, p. 14.

[48]      Official Committee Hansard, 21 September 2015, p. 46.

[49]      Official Committee Hansard, 21 September 2015, p. 57.

[50]      Official Committee Hansard, 21 September 2015, p. 21.

[51]      Official Committee Hansard, 21 September 2015, p. 43.

[52]      Official Committee Hansard, 21 September 2015, p. 39.

[53]      Adjunct Professor Evans considered that it is 'clearly incumbent on the Commissioner to ensure that all levels of the construction industry are aware of the provisions of the Act': Proof Committee Hansard, 26 October 2015, p. 2. See also Mr. Chris Rankin, Executive Director, AMCA, Official Committee Hansard, 21 September 2015, p. 15: 'I would see that the biggest remit that the Small Business Commission has is educating people and assisting in the process to make a claim'. See also Mr Robert Gaussen, Adjudicate Today, Proof Committee Hansard, 21 September 2015, p. 57.

[54]      Official Committee Hansard, 21 September 2015, p. 43.

[55]      Correspondence to the committee from Dale Webster, Director of Building Control, p. 2.

[56]      Official Committee Hansard, 21 September 2015, p. 58.

[57]      Proof Committee Hansard, 4 November 2015, p. 37.

[58]      Proof Committee Hansard, 4 November 2015, pp. 37, 42.

[59]      Alan Moss, Review of Building and Construction Industry Security of Payments Act 2009 (SA), p. 9. Cited in QBCC, Submission 19.1, p. 1.

[60]      Alan Moss, Review of Building and Construction Industry Security of Payments Act 2009 (SA), p. 9.

[61]      Proof Committee Hansard, 4 November 2015, p. 38.

[62]      Proof Committee Hansard, 4 November 2015, p 37.

[63]      Proof Committee Hansard, 4 November 2015, p. 42.

[64]      Official Committee Hansard, 21 September 2015, p. 58.

[65]      Adjudicate Today, Submission 26, p. 4.

[66]      Official Committee Hansard, 21 September 2015, p. 58.

[67]      Official Committee Hansard, 21 September 2015, p. 59.

[68]      Adjudicate Today, Submission 26.1, p. 6.

[69]      QBCC, Submission 19.1, p. 5.

[70]      Adjudicate Today, Submission 26.1, p. 3.

[71]      QBCC, Submission 19.1, p. 2.

[72]      Proof Committee Hansard, 26 October 2015, p. 25.

[73]      Private correspondence to the committee from Mr Tony Gerber (Pindan) (received 20 November 2015)

[74]      Proof Committee Hansard, 4 November 2015, p. 41.

[75]      Building and Construction Industry Payments Act 2004 (Qld), s 9; Schedule 2.

[76]      Official Committee Hansard, 21 September 2015, p. 58.

[77]      Official Committee Hansard, 21 September 2015, p. 58.

[78]      Official Committee Hansard, 21 September 2015, p. 58.

[79]      QBCC, Submission 19.1, p. 3.

[80]         Modcol v National Buildplan Group [2013] NSWSC 380, [25]–[26] (McDougall J).

[81]         [2005] VSC 24.

[82]      Belmadar Constructions Pty Ltd v Environmental Solutions International Ltd [2005] VSC 24, [17].

[83]      Jeremy Coggins, 'A Review of Statutory Adjudication in the Australian Building and Construction Industry, and a Proposal for a National Approach' (RICS COBRA Research Conference, University of Cape Town, 10–11 September 2009), p. 2.

[84]      Proof Committee Hansard, 26 October 2015, p. 3.

[85]      Matthew Bell and Donna Vella, 'From motley patchwork to security blanket: The challenge of national uniformity in Australian "security of payment" legislation' (2010) 84:8 Australian Law Journal 565, p. 577.

[86]      Final Report of the Royal Commission into the Building and Construction Industry: Volume 8 Reform—National Issues Part 2 (2003), p. 255.

[87]      Society of Construction Law Australia, Report on Security of Payment and Adjudication in the Australian Construction Industry (May 2014), p. 21.

[88]      Society of Construction Law Australia, Report on Security of Payment and Adjudication in the Australian Construction Industry (May 2014), p. 22.

[89]      Society of Construction Law Australia, Report on Security of Payment and Adjudication in the Australian Construction Industry (May 2014), p. 69.

[90]      Final Report of the Royal Commission into the Building and Construction Industry: Volume 8 Reform—National Issues Part 2 (2003), p. 260.

[91]      Society of Construction Law Australia, Report on Security of Payment and Adjudication in the Australian Construction Industry (May 2014), p. 22.

[92]      Proof Committee Hansard, 4 November 2015, p. 38.

[93]      Proof Committee Hansard, 4 November 2015, p. 38.

Chapter 10 - A Statutory Construction Trust

[1]        Final Report of the Independent Inquiry into Construction Industry Insolvency in NSW (2012), p. 355, Recommendation 6 (for all building projects worth more than $1 million).

[2]        Law Reform Commission of Western Australia, Financial Protection in the Building and Construction Industry, Project No. 82, p. 105, Recommendation 2.

[3]        Final Report of the Royal Commission into the Building and Construction Industry: Volume 3 National Perspectives Part 1 (2003), p. 60.

[4]        Construction Contracts Act 2004 (WA), schedule 1, division 9, s 11; Construction Contracts (Security of Payments) Act (NT), schedule 1, division 9, s 10.

[5]        Building and Construction Industry Security of Payment Amendment (Retention of Money Trust Account) Regulation 2015 (NSW) (for all building projects worth more than $20 million).

[6]        Queensland Building and Construction Commission, Better Payment Outcomes (Discussion Paper, 2014).

[7]        Environment and Planning Directorate, Improving the ACT Building Regulatory System: Discussion Paper (November 2015), pp. 26–27.

[8]        See for example, Maryland: Md Code Ann Real Property §9–201 and Texas: Tex Code Ann Property Code §10–162.

[9]        Alberta: Builders' Lien Act R.S.A. 2000, c. B-7, s. 22; British Columbia: Builders' Lien Act S.B.C. 1997, c. 45, ss. 10–14; Manitoba: The Builders' Liens Act R.S.M. 1987, c. B91, ss 4–9; New Brunswick: Mechanics' Lien Act R.S.N.B. 1973, c. M-6, s 3; Nova Scotia: Builders' Lien Act R.S.N.S. 1989, c. 277, ss 44A–44G; Ontario: Construction Lien Act R.S.O. 1999, c. C.30, ss 7–13; Saskatchewan: Builders' Lien Act S.S. 1984-85-86, c. B-7, ss 6–21.

[10]      Construction Contracts Amendment Bill 2013 (NZ).

[11]      Cabinet Office, A Guide to the Implementation of Project Bank Accounts (PBAs) in Construction for Government Clients (July, 2012).

[12]      Final Report of the Royal Commission into the Building and Construction Industry: Volume 8 Reform—National Issues Part 2 (2003), p. 250.

[13]      CFMEU, Submission 15, p. 4.

[14]      CFMEU, Submission 15, p. 31.

[15]      Masonry Contractors Association of NSW & ACT, Submission 16, p. 1.

[16]      Official Committee Hansard, 21 September 2015, p. 15.

[17]      ARITA, Submission 8, p. 1 and Cbus Super, Submission 13, p. 3.

[18]      Final Report of the Independent Inquiry into Construction Industry Insolvency in NSW (2012), p. 133.

[19]      Cbus Super, Submission 13, pp. 11, 13.

[20]      Official Committee Hansard, 31 August 2015, p. 28.

[21]      Official Committee Hansard, 29 September 2015, p. 41.

[22]      Official Committee Hansard, 29 September 2015, p. 7.

[23]      Proof Committee Hansard, 26 October 2015, pp. 3, 4.

[24]      Proof Committee Hansard, 4 November 2015, p. 39.

[25]      Subcontractors Alliance, Submission 18, p. 8.

[26]      Official Committee Hansard, 12 June 2015, p. 17.

[27]      Official Committee Hansard, 12 June 2015, p. 49.

[28]      Law Reform Commission of Western Australia, Financial Protection in the Building and Construction Industry, Project No. 82, pp. 52–53.

[29]      HIA, Submission 7, p. 11.

[30]      Law Reform Commission of Western Australia, Financial Protection in the Building and Construction Industry, Project No. 82, p. 53.

[31]      HIA, Submission 7, p. 11.

[32]      Official Committee Hansard, 31 August 2015, p. 8.

[33]      Proof Committee Hansard, 26 October 2015, p. 4.

[34]      Official Committee Hansard, 21 September 2015, p. 59.

[35]      Law Reform Commission of Western Australia, Financial Protection in the Building and Construction Industry, Project No. 82, p. 54.

[36]      MBA NSW, Submission to the Inquiry into Construction Industry Insolvency in NSW (received 16 July 2014), p. 4.

[37]      Proof Committee Hansard, 26 October 2015, p. 4.

[38]      HIA, Submission 7, p. 11.

[39]      Construction Contracts Act 2004 (WA), schedule 1, division 9, s 11; Construction Contracts (Security of Payments) Act (NT), schedule 1, division 9, s 10.

[40]      The Collins Inquiry recommended the establishment of a construction trust for all building projects valued at $1 million or more: Final Report of the Independent Inquiry into Construction Industry Insolvency in NSW (2012), p. 355, Recommendation 6.

[41]      Cabinet Office, A Guide to the Implementation of Project Bank Accounts (PBAs) in Construction for Government Clients (July, 2012).

[42]      Western Australia Department of Finance, 'Project Bank Accounts' <https://www.finance.wa.gov.au/cms/Building_Management_and_Works/New_Buildings/Project_bank_accounts.aspx> (accessed 1 December 2015).

[43]      New South Wales ProcurePoint, 'Construction Procurement: Direction C2013–02' <https://www.procurepoint.nsw.gov.au/construction-procurement-direction-c2013-02> (accessed 1 December 2015).

Chapter 11 - Licensing arrangements

[1]        ETUA, Submission 4, p. 15.

[2]        Council for the Australian Federation, 'Occupational Licensing Reform' <http://www.caf.gov.au/OccupationalLicensing.aspx> (accessed 1 December 2015).

[3]        Official Committee Hansard, 31 August 2015, p. 35.

[4]        Official Committee Hansard, 31 August 2015, p. 41.

[5]        Official Committee Hansard, 31 August 2015, p. 35.

[6]        Proof Committee Hansard, 28 September 2015, pp. 37, 38–39.

[7]        Proof Committee Hansard, 28 September 2015, pp. 38–39.

[8]        Australian Institute of Building, Submission 12, p. 4, ETUA, Submission 4, p. 2 and Cbus Super, Submission 13, p. 11.

[9]        Cbus Super, Submission 13, p. 11.

[10]      Cbus Super, Submission 13, p. 2.

[11]      Final Report of the Independent Inquiry into Construction Industry Insolvency in NSW (2012), p. 353.

[12]      Final Report of the Independent Inquiry into Construction Industry Insolvency in NSW (2012), p. 353, Recommendation 3.

[13]      QBCC, Submission 19, p. 1.

[14]      QBCC, Submission 19, p. 2.

[15]      Official Committee Hansard, 31 August 2015, p. 33.

[16]      QBCC, Submission 19, pp. 3–7. See also Subcontractors Alliance, Submission 18, p. 5.

[17]      ETUA, Submission 4, p. 15.

[18]      MBA, Submission 3, p. 20.

[19]      MBA, Submission 3, Appendix B, p. 29.

[20]      Proof Committee Hansard, 4 November 2015, p. 5.

[21]      Proof Committee Hansard, 4 November 2015, pp. 5–6.

[22]      Proof Committee Hansard, 4 November 2015, p. 49.

[23]      Proof Committee Hansard, 4 November 2015, p. 51.

[24]      Proof Committee Hansard, 4 November 2015, p. 49.

[25]      HIA, Submission 7, p. 3.

[26]      Official Committee Hansard, 12 June 2015, p. 50.

[27]      QBCC, Submission 19, p. 1 and Queensland Building and Construction Commission Act 1991 (Qld), s 31(1)(a).

[28]      HIA, Submission 7, pp. 10–11.

[29]      QBCC, Submission 19, p. 2.

[30]      Official Committee Hansard, 31 August 2015, p. 33.

[31]      Official Committee Hansard, 31 August 2015, p. 33.

[32]      QBCC, Submission 19, p. 2.

[33]      Cbus Super, Submission 13, p. 13.

[34]      ETUA, Submission 4, p. 3.

Chapter 12 - Additional proposed reforms

[1]        Official Committee Hansard, 29 September 2015, p. 11.

[2]        Proof Committee Hansard, 28 September 2015, p. 14.

[3]        See, for example, Joseph Stiglitz, 'Regulation and Failure' in David Moss and John Cisternino (eds), New Perspectives on Regulation (2009), pp. 11–23.

[4]        Official Committee Hansard, 31 August 2015, p. 38.

[5]        Proof Committee Hansard, 28 September 2015, p. 19.

[6]        Proof Committee Hansard, 28 September 2015, p. 6.

[7]        Proof Committee Hansard, 28 September 2015, p. 31.

[8]        Proof Committee Hansard, 28 September 2015, pp. 31–32.

[9]        Proof Committee Hansard, 28 September 2015, p. 13.

[10]      Corporations Act 2001 (Cth), s 117(2)(d), (f).

[11]      Veda, Submission 14, p. 4.

[12]      Proof Committee Hansard, 28 September 2015, p. 2.

[13]      Proof Committee Hansard, 28 September 2015, p. 3.

[14]      Proof Committee Hansard, 28 September 2015, p. 2.

[15]      Proof Committee Hansard, 28 September 2015, p. 2.

[16]      Proof Committee Hansard, 28 September 2015, pp. 3–4.

[17]      Proof Committee Hansard, 28 September 2015, pp. 3–4.

[18]      Proof Committee Hansard, 28 September 2015, p. 30.

[19]      Proof Committee Hansard, 28 September 2015, p. 4.

[20]      Proof Committee Hansard, 28 September 2015, p. 4.

[21]      'Document Verification Service', https://www.ag.gov.au/RightsAndProtections/
IdentitySecurity/Pages/DocumentVerificationService.aspx
(accessed 1 December 2015).

[22]      Proof Committee Hansard, 28 September 2015, p. 2.

[23]      Official Committee Hansard, 29 September 2015, p. 2.

[24]      Proof Committee Hansard, 28 September 2015, p. 9.

[25]      Official Committee Hansard, 29 September 2015, p. 15.

[26]      Official Committee Hansard, 29 September 2015, p. 6.

[27]      Productivity Commission, Draft Report: Business Set-up, Transfer and Closure (May 2015), p. 382.

[28]      Productivity Commission, Draft Report: Business Set-up, Transfer and Closure (May 2015), pp. 382–383.

[29]      Proof Committee Hansard, 28 September 2015, p. 30.

[30]      Subcontractors Alliance, Submission 18, p. 5.

[31]      Mr Glenn Franklin, PKF Lawler, Official Committee Hansard, 29 September 2015, p. 40.

[32]      Associate Professor Michelle Welsh, Official Committee Hansard, 29 September 2015, p. 5.

[33]      ASIC, Submission 11, p. 27.

[34]      Proof Committee Hansard, 28 September 2015, p. 30. Mr Price is referring to ASIC v Somerville [2009] NSWSC 934 (8 September 2009); ASIC v Dunner [2013] FCA 872 (30 August 2013); ASIC v Fiorentino (CALDB, Matter No: 03/NSW13), 24 June 2014.

[35]      Proof Committee Hansard, 28 September 2015, p. 29.

[36]      Official Committee Hansard, 29 September 2015, p. 10.

[37]      See paragraph 5.6.

[38]      Official Committee Hansard, 29 September 2015, p. 4.

[39]      Official Committee Hansard, 29 September 2015, p. 5.

[40]      Official Committee Hansard, 29 September 2015, p. 40.

[41]      Official Committee Hansard, 29 September 2015, p. 5.

[42]      Proof Committee Hansard, 28 September 2015, p. 10.

[43]      Corporations Act 2001 (Cth), s 79.

[44]      Proof Committee Hansard, 28 September 2015, p. 10.

[45]      Official Committee Hansard, 29 September 2015, p. 6.

[46]      Proof Committee Hansard, 4 November 2015, p. 31.

[47]      Official Committee Hansard, 29 September 2015, p. 32.

[48]      Official Committee Hansard, 29 September 2015, p. 33.

[49]      Proof Committee Hansard, 4 November 2015, p. 31.

[50]      Bechrose Pty Ltd v Jefferson (Trustee) [1999] FCA 1153, [54].

[51]      Law Council of Australia, Submission 10, pp. 3, 4.

[52]      Law Council of Australia, Submission 10, p. 5.

[53]      Federal Circuit Court of Australia, Annual Report 2013–14, p. 53.

[54]      Law Council of Australia, Submission 10, p. 5.

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