Home Building Compensation reform
This consultation is about a range of reform ideas to redesign how the home building compensation scheme is regulated and operated.
-
The Issue
Consultation period: 04/07/2022 5:00 pm to 16/08/2022 11:59 pm
In December 2020, the Independent Pricing and Regulatory Tribunal (IPART) published the findings and recommendations of a review of the home building compensation scheme’s efficiency and effectiveness. We are now consulting about the design of regulatory reforms flowing from IPART’s review.
The reform ideas fall under three themes:
- expand some aspects of the scheme to better support some homeowners
- narrow some aspects of the scheme to lower the cost of some work on homes and reduce regulatory burdens or costs; and
- reconsider who should provide cover in the scheme and how they should be regulated.
The details of the reform ideas are published in a discussion paper.
We encourage you to read our discussion paper and tell us what you think about the reform ideas. You can do this by:
- Emailing us at [email protected]
- Via the online submission form (see below)
The consultation period ends on Monday 16 August 2022.
We will use the feedback we receive from this consultation to provide advice to Government about what mix of reforms to adopt. We will publish the outcomes of the consultation on the SIRA website.
-
Milestones
This consultation opens on the 4 July 2022 and will close on the 16 August at 11:59pm.
-
Outcomes
During this consultation we received 119 submissions, of which 106 have been made publicly available with information redacted where requested.
All the submissions made during the consultation have been read and considered. All publishable submissions are now available.
Outcomes and next steps are available below.