Chris Bowen has been appointed as the new small business minister, which real estate businesses hope will bring a positive change following recent shake-ups.
The president of the Real Estate Institute of Australia, Peter Bushby, said that there has not been enough analysis of national licensing for real estate. He felt that consumers would benefit from continuing with the current licensing scheme and that national licensing should not be rushed through government.
Currently, real estate licensing is done according to state but the Council of Australian Governments has suggested that it should adopt a national licensing scheme.
Before putting national licensing through, Mr Bushby says that issues relating to commercial licensing and professional development need to be addressed. At present, continued professional development has ceased within the real estate profession and so employees run the risk of missing out on new legislation. He appealed to Mr Bowen in a press release to present the regulation impact statement regarding national licensing soon.
Mr Bowen is the sixth small business minister to be appointed in the last 14 months.