Master Builders to donate $1 million dividend back to the industry

17 December 2021

Master Builders Queensland has received a $1 million dividend as a shareholder of Construction Income Protection Limited (CIPL), with the full amount to be donated to organisations dealing directly with construction industry issues in the new year.

Master Builders Deputy CEO, Paul Bidwell, said the association wants the donation to benefit and ensure better outcomes for as many industry participants as possible.

“As the money was ultimately collected from the industry, it’s only right that it is spent where it can provide the greatest benefit to building businesses and workers across Queensland,” Paul said.

He added that with more than 9,000 members, Master Builders has a finger on the pulse when it comes to issues those within the sector are facing.

“There’s no doubt that mental health is a concern right across the industry that needs to be addressed urgently; but there are other issues that need to be considered as well. We’ll determine the right places to donate to in the coming months.”

“We want to make sure that the $1 million is well spent. We are currently assessing which issues and which groups to work with to achieve the greatest benefit for the industry.”

The Master Builders Board and Senior Leadership Team have previously agreed that any dividends received from CIPL will be diverted back to the industry in some way.

ENDS

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