Following on from our recent articles about changes to the Home Building Act, the second and final round of changes are scheduled to kick off on 1 March.
These changes will affect contracts, progress payments and sub-contractors now becoming liable for defects.
In more detail the changes relate to:
Again we reiterate that many industry experts are of the view that these changes are not in the best interest of the Strata Management sector. Time and future litigation will tell, but its important that if any Owners Corporations feel that they may have a claim against a builder for any defect rectification you should contact your Strata Manager to discuss immediately.
For further information you can head along to the fair trading website here (http://www.fairtrading.nsw.gov.au/ftw/About_us/Legislation/Changes_to_legislation/Major_changes_to_home_building_laws.page )