Page 887 - Week 03 - Thursday, 14 April 1994
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THESE FUNDING FRAMEWORKS WILL MEET THE TRAINING NEEDS OF THE CONSTRUCTION INDUSTRY IN THE ACT.
IT IS VERY IMPORTANT THAT APPROPRIATE FUNDING IS AVAILABLE TO IMPLEMENT PRIORITIES IDENTIFIED IN THESE ANNUAL FUNDING FRAMEWORKS. IT IS CLEAR THAT PUBLIC FUNDING ALONE WILL NOT MEET THE CONSTRUCTION INDUSTRYS NEEDS.
PRIVATE SECTOR SPENDING ON TRAINING IN THE CONSTRUCTION INDUSTRY ARISES PRIMARILY THROUGH THE COMMONWEALTH TRAINING GUARANTEE LEVY WHICH OBLIGES ALL EMPLOYERS WITH A PAYROLL IN EXCESS OF $226;000 A YEAR TO SPEND AN AMOUNT EQUIVALENT TO 1.5% OF THEIR PAYROLL VALUE ON TRAINING.
IT IS IMPORTANT THAT EVERY TRAINING DOLLAR CONTRIBUTES TO A CO-ORDINATED SYSTEM WIDE APPROACH THAT PRODUCES THE APPROPRIATE TRAINING WHEN AND WHERE IT IS REQUIRED. THE APPROACH WHERE SEPARATE TRAINING INITIATIVES ARE MOUNTED BY INDIVIDUAL EMPLOYERS IS NOT LIKELY TO BE AS EFFECTIVE AS ONE WHERE RESOURCES FOR TRAINING ARE POOLED. ADDITIONALLY, THE PAYROLL THRESHOLD MEANS THAT MANY EMPLOYERS ARE NOT OBLIGED TO CONTRIBUTE AT ALL TO TRAINING. THIS IS OCCURRING AT A TIME WHEN SIGNIFICANT AMOUNTS OF MONEY ARE REQUIRED TO FUND IMPORTANT INDUSTRY TRAINING COURSES, PROGRAMS AND PROJECTS.
ADDITIONAL FUNDING FOR CONSTRUCTION TRAINING IN THE ACT IS PROVIDED BY AN ALLOCATION OF 10% OF MONEY COLLECTED AS A LEVY ON EMPLOYERS UNDER THE ACT LONG SERVICE LEAVE (BUILDING AND CONSTRUCTION) INDUSTRY ACT. THIS MONEY IS HELD IN A FUND AND IS SPENT ON CONSTRUCTION INDUSTRY TRAINING PROJECTS APPROVED BY THE- MINISTER FOR INDUSTRIAL RELATIONS.
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