Construction Industry: General Overview
The Construction industry is focused on the construction, demolition, renovation, maintenance and repair of building and infrastructure. It covers a wide range of services, from planning and surveying to structural construction and finishing services. The industry generates over $360 billion in revenue, producing around 9% of Australia’s GDP.
Most businesses in this industry are either sole traders or very small, employing less than 20 people. They also tend to be Australian owned, with sales occurring in the domestic market. Construction materials are, however, increasingly imported from overseas.
This industry is heavily regulated in many sectors and occupations, with regulations at every level of government. The VET sector plays an important role in the licencing of many occupations in this sector, with regulators requiring completion of VET programs or subjects to grant licences.
The Construction industry differs from most others in that many states operate training levy schemes for Construction through industry training boards. The training levies are applied as a portion of the cost of a construction project, although there are variations between the states as to how the levy schemes operate. The money collected through the levy is available to cover training costs for workers in the industry. For more information on specific levy schemes, links to the relevant bodies are available under the links and resources heading.
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