Latest Info & Media Releases

	2001

	September 8, 2001 - Notice Advertised in Mercury, Examiner and Advocate ANNUAL MEETING of Contributors, Beneficiaries and Potential Beneficiaries The Annual Meeting will be held on Thursday, 11 October, 2001 at the TasBuild Offices located at Level 1, 115 Central Avenue, Derwent Park. All registered employers and workers are invited to attend. The meeting will commence at 5.00pm, refreshments will be served at the conclusion of the meeting. Attendees should RSVP by 5 October 2001 via telephone (03) 6233 7670, facsimile (03) 6233 7224 or email: secretary@tasbuild.com.au. Copies of the Annual Report are available on request or is available for viewing on the internet at www.tasbuild.com.au from 12 September 2001. David Louez Secretary

	May 4, 2001 - Media Release FIVE CONSTRUCTION INDUSTRY EMPLOYERS FINED FOR BREACHES OF LONG SERVICE ACT TasBuild Limited, the administrator responsible for the portable Long Service Scheme covering workers in the construction industry, has successfully taken legal action against some employers who have not complied with the current legislation. David Louez, Chief Executive Officer of TasBuild Limited said that action had been taken in the Hobart Supreme Court against five employers in the construction industry. The employers – three from the South, one from the North and one from the North-West -– had failed to register themselves or their workers, had failed to provide information requested or had failed to pay contributions for long service leave. TasBuild Limited was successful in each application, and also obtained significant cost orders against the employers. Mr Louez said that the Construction Industry (Long Service) Act 1997 provided more protection for workers in the construction industry because it required employers to register all workers and make regular contributions to the scheme. The scheme also benefits employers by subsidising contributions, which means considerable savings to the employer. Despite this benefit Mr Louez said some employers where still, either deliberately or negligently, failing to fulfil their legal obligations. Mr Louez said the successful actions undertaken by TasBuild should serve as a warning to all employers in the construction industry to comply with their obligations under the legislation. “TasBuild will continue to take action against employers who fail to comply with their obligations to ensure a level playing field and ensure that workers in the construction industry receive their full long service entitlements,” he said. Mr Louez said TasBuild was able to track employers who failed to comply with the legislation through its own existing database as well as information received from council building activity reports and contributors and beneficiaries of the scheme. The Tasmanian Construction Industry Long Service Scheme was transferred from Government control to TasBuild on July 1, 1998. Since then TasBuild has significantly reduced the cost of the scheme to employers as well as significantly increasing the entitlements to workers in terms of them being able to access a return from the scheme more quickly. TasBuild Limited has streamlined the process for the employer and has recently introduced a website, www.tasbuild.com.au.

	March 21, 2001 - Media Release TASBUILD APPOINTS CLIENT SERVICES MANAGER TasBuild, a private trustee company which administers the Tasmanian Construction Industry Long Service Scheme, has appointed Gavin Spinks as its Client Services Manager. Mr Spinks, 33, was previously the State Manager of a prominent insulation company and his background includes experience in the banking and tourism industries. He will be responsible for managing the marketing and promotional functions of TasBuild as well as maintaining regular contact with members and beneficiaries of the scheme. The Chairman and Chief Executive of TasBuild, David Louez, welcomed the appointment of Mr Spinks. “Gavin’s appointment enables us to promote the scheme more widely to ensure that it is clearly understood by employers and beneficiaries alike,” he said. “Members will also have a definitive point of contact for any concerns or queries about the scheme.” The Tasmanian Construction Industry Long Service Scheme was transferred from Government control to TasBuild on July 1, 1998. Since then TasBuild has significantly reduced the cost of the scheme to employers as well as significantly increasing the entitlements to workers in terms of being able to access a return from the scheme more quickly. TasBuild Limited has recently reinvested approximately $8 million back into the industry by way of seed funding for relevant construction projects such as the Hobart Silos, Devonport Cinema and Shopping Plaza and Glenorchy Cinema Projects. TasBuild is continually looking for relevant construction projects for investment purposes.

	30 January 2001 In the TasBuild newsletter that was sent with your December 2000 return you were advised that GST would be payable on your contributions to the Construction Industry Long Service Fund and that the relevant administrative matters would be resolved shortly. These matters have now been resolved and the new procedures, as outlined below, will take effect with your January 2001 return. The new procedures are as follows: A tax invoice for the outstanding GST for the period 1 July 2000 to 31 December 2000 is being sent to you with your January return and the relevant funds should reach this office within fourteen days of the date of the invoice. When completing your January 2001 return you should advise the total amount paid to your employees as normal and then forward the return to this office for processing. Do not pay contributions on this return. With your February 2001 return you will receive a tax invoice for the contributions payable for January 2001 inclusive of the GST amount. This invoice is due and payable within fourteen days of the date of issue. For quarterly contributors payment should not be made when submitting the return but when the GST Tax Invoice is received. Please note that you may claim a full input tax credit for the GST payable to the Trustee.