Articles

Posted Mar 01, 2016 SUBMISSION ON THE SECURITY OF PAYMENT ACT REVIEW

A.  INTRODUCTION This submission is made by Kreisson. Kreisson has been providing legal services to builders, owners and other participants in the construction and building industry for over 10 years. Kreisson’s lawyers have a considerable number of years of experience providing legal services to the construction industry and some either hold building industry qualifications or…

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Posted Feb 15, 2016 SUBMISSION ON THE REFORM OF THE HOME BUILDING COMPENSATION FUND

A. INTRODUCTION This submission is made by Kreisson. Kreisson has been providing legal services to builders, owners and other participants in the residential building industry for over 10 years. Kreisson’s lawyers have a considerable number of years’ experience providing legal services to the building industry and in addition some of Kreisson’s lawyers either hold building…

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Posted Feb 01, 2016 Major Reforms proposed to HBCF and SOPA

The NSW Government (Government) announced late in 2015 that they would be conducting reviews into: a)Reform of the Home Building Compensation Fund; and b)Reform of the Security of Payment legislation. Discussion papers have been issued by Fair Trading to canvas several reform options and to seek input from industry participants on any proposed reform. The…

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Posted Dec 02, 2015 Home Warranty Insurance and Bankrupt Builders

Kreisson acted for the owners in the recent case of The Owners – Strata Plan 80647 v WFI Insurance Limited t/as Lumley Insurance [2015] NSWSC 1161. The case involved a dispute over whether an insurer was required to indemnify the owners where a builder had been discharged from bankruptcy. The Facts In December 2013, the…

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Posted Sep 10, 2014 Recent Home Building Act Amendments

On 5 June 2014 the Home Building Amendment Bill 2014 was passed by NSW parliament. Changes to the Act have been introduced to reduce unnecessary red tape for the industry as well as to ensure appropriate protection for consumers. There are over 50 reforms included in the Home Building Amendment Bill 2004. The amendments include…

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