The Real Estate Institute of Queensland (REIQ), together with the Real Estate Institute of Australia (REIA), applauds the decision by the Council of Australian Governments (COAG) today to axe the National Occupational Licensing Scheme (NOLS). The decision follows extensive lobbying by the REIQ as well as the REIA against the proposal.
At its meeting today, COAG noted that following the outcome of extensive State-based consultation, the majority of States decided not to pursue the proposed NOLS reform. Most jurisdictions identified a number of concerns with the proposed NOLS model and potential costs. States instead decided to investigate approaches that would increase labour mobility and deliver net benefits for businesses and governments.
The President of the Real Estate Institute of Australia, Peter Bushby, applauds the decision by COAG to can the proposed NOLS reform in favour of a sensible and workable solution.
“Australia’s 118,000 real estate professionals are happy that COAG has delivered them an early Christmas present. The decision reflects what REIA and its members have been saying for the last 18 months that the proposal did not deliver the expected benefits and that there is a better way to achieve them.
“From the outset, we supported national licensing but objected to a flawed model that dumbed down educational and operational standards for our industry.
“We are pleased that the States have agreed to investigate approaches that would increase labour mobility and deliver net benefits for businesses and governments.
“REIA looks forward to working with Government and the Council for the Australian Federation (CAF) to deliver a system that has benefits to consumers and maintains the professionalism of the real estate occupations.
“We note that the National Occupation Licensing Authority will be disbanded and welcome that development as it represented an additional layer of bureaucracy and waste of millions of taxpayer dollars.”