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Date PostedSeptember 9, 2015

Developers in NSW to Cover Defect Costs

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Source: www.apartmenttherapy.com

A report by the University of New South Wales has found that building defects are present in about 85 per cent of buildings since the year 2000 with the most common defects including shifting foundations, water leaks, wall cracks and tiling faults.

As a result the government has proposed a new system that would see developers paying a 2 per cent bond to cover the remedy of any defects.

A bill will be introduced to Parliament in October and the laws would likely be introduced in the new year.

Source: http://www.abc.net.au/news/2015-09-02/nsw-developers-to-pay-levy-to-cover-defect-costs/6743248

Steven Asnicar is regarded as a leader across many fields of industry. In particular, his specialisation across the health, infrastructure, construction, resource and utility sectors has seen him successfully change the dynamics of these industries through the introduction of new strategic, marketing, training and technical frameworks. Steven works closely with industry peak bodies such as Safework Australia, Australian Logistics Council, National Advisory for Tertiary Education, Skills and Employment (NATESE) and the Council of Australian Governments in the development of new delivery standards and industry specific programs.

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