Who are we?
TasBuild Limited is the private trustee company responsible for administering the portable long service scheme and trust Fund that provides benefits to eligible workers in the construction industry.
TasBuild, the Trustee, manages the Fund in the interest of all persons who have, or may have in the future, an entitlement to a payment from the Fund.
All employers operating in the construction industry must be registered with TasBuild.
All workers in relevant employment in the construction industry must be registered with TasBuild.
Self-employed persons may choose to register, if they have prior active recorded service in Tasmania, to reach an entitlement.
We provide information, support and advice to all of these groups.
What do we do?
TasBuild administers a fund which comprises contributions, made by employers, self-employed workers and returns on investments, so that workers in the construction industry are able to receive a long service benefit.
TasBuild ensures that employers meet their compulsory reporting obligations thereby protecting worker long service entitlements. Each week we pay entitlements to eligible workers in the construction industry from the Fund.
Long Service – what is it?
In Tasmania the Construction Industry (Long Service) Act 1971 came into force on 22 March 1972.
This act was replaced by the Construction Industry (Long Service) Act 1997 that became operational 1 July 1998.
The legislation provides long service benefits for persons employed in relevant employment within the construction industry. The legislation gives flexibility to employees who work for a number of employers to accrue an entitlement, provided there are no periods of more than 4 years where service is not recorded.
We are focused on the needs of the industry and this is reflected in the make up of the Board. TasBuild is managed by representatives of the industry. The Board consists of:
- Three Directors who represent employers
- Three Directors who represent workers
- An independent Chairperson who is also a Director.
Our current Directors.