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In January 2014, the Government of South Australia released the Home Building Protection Review consultation paper seeking feedback and ideas about South Australia’s current home building protections and how they may be enhanced.
Building indemnity insurance is one such home building protection. It provides families and individuals with the opportunity to access compensation should their builder die, disappear or become insolvent before the building work is completed and, in the case of defective work, for up to five years after completion. Other home building protections include the regulations surrounding the licensing and supervision of builders and building work, the requirements for building work contracts, the dispute resolution process and consumer education and awareness.
The consultation process was part of a broader review of home building protections currently being undertaken as a result of the withdrawal of private insurers from the building indemnity insurance market in 2013. The objective of the review is to identify and implement a long term solution for building indemnity insurance and to ensure that South Australia’s home building protections meet the needs of consumers and builders. The enhanced home building protection framework is anticipated to be finalised in 2015.
You may download a summary of the responses received to the Home Building Protection Review consultation paper (PDF 1.8 MB).
The summary of responses should be read in conjunction with the original consultation paper (PDF 564 KB).
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Consultation has concluded