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Is this a Renovation By-Law Fee Proposal Request

Is this a Renovation By-Law Fee Proposal Request?

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Project Intervene

Posted 20 May 2024

Category: Building Defects, eBooks

The registration date for an owners corporation to register for the program has been extended to 30 November 2023.

Benefits Include:

The owners obtain the benefit of a free inspection by Sedgwick’s loss assessor.
The owners will not pay those costs, nor the Fair Trading’s ongoing costs as it will seek to recover those costs from a solvent builder or developer.
If an undertaking is agreed, it may contain a deed poll in favour of the owners corporation, which grants the owners corporation rights to pursue the builder or developer for breach of the
If an Order is breached, Project Intervene can issue a penalty for non-

We recognise that there are benefits and strengths to Project Intervene, however:

Project Intervene does not accept all applications made within
An application to Project Intervene does not extend any warranty periods and the scheme will need to ensure it commences proceedings to preserve its statutory warranties and avoid being time barred.
Without supporting reports from the owners corporation Project Intervene will, in our experience, seek rectification of substantially less defects, including non- serious and lot property defects, than experts engaged by the owners corporations would identify, leaving the scheme having to pay for unidentified defects.
If an Order is issued it will be published on the Construct NSW website and possibly in the media, which may adversely affect owners capital.
There are other important aspects the scheme’ should obtain advice

This is an extract from our Bannermans Building Defects Guide – Part 2.

To access more FAQ'S on Building Defects fill in the below form to download our Bannermans Building Defects Guide – Part 2 for free.

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Project Intervene

This is an extract from our Bannermans Building Defects Guide – Part 2.

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