The Defects Bond Scheme has created a number of challenges for the development market in New South Wales since it came into effect earlier this year (applying to contracts entered into on and from 1 January 2018). Some of these challenges include how contracts need to be updated to address the new regime and what parties need to do to ensure full compliance with the new regime.
This seminar will provide an industry update on the Defects Bond Scheme and will provide an insight into how developers, builders and financiers have been managing the new regime since its introduction. We will also offer an overview of some helpful tips to ensure full compliance with the new regime.
We look forward to seeing you there.