23 Apr Home Building Amendment (Cladding) Regulation
Home Building Amendment (Cladding) Regulation 2018
The NSW Government released the Home Building Amendment (Cladding) Regulation 2018 on April 20.
The Amendment inserts a new Clause (69A Major defect in building—external cladding) which updates the definition of “major defect” in section 18E (4) of the Home Building Act 1989 (NSW) (the Act).
The Clause reads that “if the external cladding of a building causes or is likely to cause a threat to the safety of any occupants of the building”, the cladding shall fall into the definition of a major defect. Under Section 18E of the Act, major defects now benefit from an extended statutory warranty period of six years.
Stay Informed – Connect with us on LinkedIn
Important Notice
This article provides information rather than financial product or other advice. The content of this article, including any information contained in it, has been prepared without taking into account your objectives, financial situation or needs. You should consider the appropriateness of the information, taking these matters into account, before you act on any information. In particular, you should review the product disclosure statement for any product that the information relates to it before acquiring the product.
Information is current as at the date the article is written as specified within it but is subject to change. CRM Brokers make no representation as to the accuracy or completeness of the information. Various third parties have contributed to the production of this content. All information is subject to copyright and may not be reproduced without the prior written consent of CRM Brokers.
Are You Underinsured? An insight into how a claim could be affected
What is underinsurance? Underinsurance is a preventable but often devastating co...
27 August, 2024Celebrating Excellence at the 2024 Strata Community CHU Awards
Celebrating Excellence at the 2024 Strata Community CHU Awards The Strata Commun...
06 August, 2024Strata Insurance Insights: Why Insurers Are Keeping An Eye On Lithium-Ion Batteries
In recent years, Australia has experienced a surge in fires linked to lithium-io...
24 July, 2024Finalists Announced for the Strata Services Business Award
Finalists Announced for the Strata Services Business Award The independent judgi...
23 July, 2024