Following extensive public consultation which showed significant support for retaining 13 home building licenses, tradies will save $52.3 million over 10 years from not having to renew their licenses every three years, as part of the NSW Government’s Better Business reforms.
This is a fantastic outcome for consumers and for more than 27,400 tradies around the State, because it maintains important protections while also cutting costs.
The licenses have important safeguards, so they will remain, but the financial burden on these small businesses will be significantly reduced.
This reform will reduce renewal fees from up to $605 every three years to just a $51 processing fee for tradies to update their details every five years.
That gives them more money to pay the bills, put food on the table, or go out with their families, as well as additional funds to grow their businesses.
The licenses that will become ongoing include decorating, painting, fencing, glazing, kitchen and bathroom benchtop installation, splashback installation, paving, shower screen installation, ducting/mechanical ventilation, shade sails and shade systems installation, dry plastering, wet plastering and minor maintenance/cleaning.