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Update on the home building compensation scheme reforms

Posted by NSW Finance, Services & Innovation on 7 December 2017

The reformed home building compensation (HBC) scheme is expected to be operating under new legislation from early 2018. 

The State Insurance Regulatory Authority (SIRA) has sought feedback on issues such as eligibility, premiums and claims handling as it develops standards for the scheme - formerly known as home warranty insurance. 

SIRA expects to finalise the guidelines and regulations by the end of the year. 

NSW State Insurance Regulartory Authority has created a HBC Factsheet for builders and tradespeople. 

To view the factsheet click here.

Author: NSW Finance, Services & Innovation
Tags: Industry News Consumer Information

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