Government pushes for mandatory building warranties under new amendment bill
Parliament is considering making warranties for residential building compulsory, a change welcomed by many in the construction sector.
The Government's Building Amendment Bill includes a proposal to make warranties for residential building mandatory. This represents a shift in how building risk is managed for homeowners. The change is receiving support from various parties in the industry.
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Mandatory building warranties a welcome shift in risk
Building a house has never been for the faint-hearted, and the Building Amendment Bill making its way through Parliament will present would-be homeowners with a whole new set of considerations. As part of the changes, the Government wants to make…