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HIA has expressed significant concerns with the operation of fidelity funds due to the complexity of the insurance product, lack of adequate protection for consumers and absence of independent APRA regulation.
Commonwealth, State and Territory Building Ministers at the Building Ministers’ Meeting met yesterday to decide on the content and timing of the National Construction Code (NCC) 2025.
“The Housing Industry Association (HIA) welcomes commitments made today by Commonwealth, State and Territory Building Ministers in providing decisive action to pause non-essential building code changes and to reset how the NCC is developed and implemented going forward,” said HIA Managing Director Jocelyn Martin.
“The availability of skilled tradespeople has worsened across Australia as home building pipelines expand again,” stated HIA Senior Economist, Tom Devitt.