The construction sector has been at the vortex of this economic downturn. It will be some time before the sector returns to a sustainable level of output. In the meantime, the Government wants to ensure that existing employment levels are protected and allowed to grow by reducing black economy opportunities in the industry. Today, I am proposing significant reform of the relevant contracts withholding tax regime which applies to contractors in the construction, meat-processing and forestry sectors of the economy.

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