Types of businesses in the construction industry range from businesses and tradespeople providing services directly to consumers, other building and construction businesses and government. Projects vary in size from large construction and infrastructure projects to smaller, domestic projects that include:
The construction industry is critical to Victoria’s economy and is built on small businesses. Victoria’s construction industry is the state’s fifth largest industry and is valued at $21.6 billion and employs about 240,000 people in 89,000 businesses.
More than $15 billion1 of construction work was carried out in Victoria between July and September 2021, growing almost 6% from the previous quarter, which was faster than the rest of Australia.
Regulatory bodies have a responsibility to help businesses and tradespeople understand and meet their construction sector registration, licensing and renewal responsibilities. To achieve accreditation, plumbing, electrical and building practitioners in Victoria are required to hold a licence or be registered with the relevant regulator for their trade.
Guidance from regulators will make it easier for electricians, plumbers, building practitioners and group employers to understand their regulatory requirements.
1 Source: Master Builders Victoria
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