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HIA News ·

Housing industry backs scope 3 rollback to ease growing compliance burden

The Housing Industry Association has welcomed the Federal Opposition's announcement that it would remove Scope 3 emissions reporting requirements. The HIA describes the move as a practical step towards reducing the growing compliance burden.

Will scrapping Scope 3 emissions reporting reduce my compliance workload as a builder?

Builders and other housing contractors, especially those supplying larger firms, could face less emissions reporting paperwork if the rollback proceeds. It is only an Opposition announcement so far, not law.

Key takeaways

  • The HIA has welcomed a Federal Opposition plan to remove Scope 3 emissions reporting requirements.
  • The HIA calls the rollback a practical step towards reducing the growing compliance burden.
  • The proposal is an Opposition announcement and is not yet law.
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Why it matters: Builders, carpenters and other tradies who run their business through a family trust could face a higher tax bill and extra compliance costs, which would squeeze cash flow and profit margins.

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Why it matters: Small building trade businesses, including builders and subcontractors, carry the load of new taxes, paperwork and compliance rules. HIA is pushing for policymakers to understand that burden before adding more.

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The Federal Government has agreed to delay the ATO's proposed ban on credit card payments for tax debts. The Housing Industry Association welcomed the move, which gives builders and tradies more time to prepare.

Why it matters: Builders and tradies who pay ATO bills by credit card keep that option for now. This gives them time to adjust cash flow and find other ways to pay tax obligations.

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