The Home Building Amendment Bill 2014

The Home Building Amendment Bill 2014

In June 2014 the Home Building Amendment Bill 2014 (Bill) received Royal Assent. Introducing over 50 amendments to the current Home Building Act 1989 (Act), the Bill is the product of an extensive reform process targeted towards ensuring the Act reflects current industry practice and procedure. Once the Bill is proclaimed, the following key amendments will take effect. Statutory warranties for “major defects” For the purposes of statutory warranties, distinguishing between structural and non-structural defects will become a thing of the past. The Bill replaces “structural defects” with the concept of “major defects”…Read more