Compliance declarations – NSW’s new regime for construction professionals set to improve the industry’s risk profile
With the Design and Building Practitioners Bill 2020, the NSW Government has introduced sweeping legislative changes that are intended to regain public confidence in the construction industry.
In this second article in our series examining the reform package, we look at the new compliance declaration regime that will require building practitioners with reporting obligations to be registered and ‘adequately insured’.
Andrew Moore, Robert Finnigan and Mairead Cusack also discuss how the NSW Government’s reforms will change the risk profile of the industry by better placing insurers to assess risk when underwriting construction professionals.
To read the full article, click on the download below.
This publication is intended to provide commentary and general information. It should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this publication. Persons listed may not be admitted in all states and territories.