Liability Crisis Undermines NSW Infrastructure Investment
23 June 2017
Consult Australia: Given the once in a generation
spend on infrastructure many of the projects are at risk of being
delayed or not delivered due to the loophole that this Budget has failed
to address.
State Manager for industry association Consult Australia, Matthew Trigg,
says the
NSW Government has so far failed to act despite repeated
warnings for over a decade.
“Spending billions on infrastructure projects while failing to provide
sensible risk management presents a clear systemic risk to the
New South
Wales economy.”
“Taxpayer dollars could be essentially worthless if the businesses
delivering them are forced to close because they cannot get or afford
insurance, or because they are sued into bankruptcy.”
“With insurance costs increased up to 25% and no guarantee of
availability, the burden being placed on business by not having
proportionate liability as standard is simply unsustainable.”
“A domino effect could see a rapid economic collapse and significant
costs and delays to Government services and infrastructure.”
Consult Australia continues to call on the NSW Government to immediately
prohibit the contracting out of proportionate liability in all new
government contacts and to amend the Civil Liability Act 2002 to align
with
Queensland where the practice is prohibited
--ENDS--
Source: Consult Australia - www.consultaustralia.com.au
Contact: Matthew Trigg | 02 8252 6708
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