Victorian Government Overhauls Building Regulations to Protect Homebuyers and Builders
The Victorian government has unveiled substantial changes to its building regulation system, introducing a new oversight body, the Building & Plumbing Commission, which will replace the Victorian Building Authority (VBA). This change is aimed at providing stronger protections for homebuyers, builders, and renovators, streamlining the regulation of the building and plumbing industries.
What’s New with the Building & Plumbing Commission?
The Building & Plumbing Commission will unify regulation, insurance, and dispute resolution under one agency. This consolidation is intended to simplify processes and increase accountability, ensuring higher quality standards in the industry.
Expanded Authority
The Commission will be granted new powers to direct builders to address issues not only before occupancy but also post-move-in, with specific timelines to be determined in consultation with industry stakeholders. Additionally, the Commission can now halt sales of defective apartments until necessary repairs are made, preventing buyers from inheriting costly issues.
Increased Resources and Inspections
To support its new mandate, the Commission will see a 50% boost in inspectors and auditors, funded by a $63.3 million investment. This will enable a proactive inspection campaign, targeting unregistered activities and ensuring adherence to standards across Victoria.
Improved Insurance Protections
Apartment buyers will gain added protection, with developers now required to provide bonds to cover repair costs for buildings over three stories. This bond is part of a move towards a future 10-year insurance product for apartment buildings, developed through industry consultation.
Simplified Dispute Resolution
The new Commission will also streamline the dispute resolution process, helping resolve issues more efficiently for homeowners and builders.
Looking Ahead
The government is also working on future reforms to clarify domestic building contract rules, with legislative changes expected in 2025.
These changes signify a major shift toward a safer and more transparent building industry. At Warlows Legal, we’re closely monitoring these developments to keep our clients updated. For specific advice on how these reforms might impact your property interests or projects, feel free to contact us for assistance.
Stay tuned for more updates as additional details emerge on these significant regulatory changes.
Please get in touch with Warlows Legal today for more information.
