VBA is not going to save you
VBA is not going to save you!
To all those working in and around the building sector in Victoria…
WOW! Just wow!
A few months ago I posted on linkedIn that the ‘VBA is not going to save you’. I was referring to the fact that:
“VBA is never going to ensure that every house is defect free. That is not its role…”
However, this is material and new!
Whilst the IBAC searches and results are in part promising to hear…however this is really significant news (beyond the VBA board being replaced) and is not limited to one person (2 charged with a 3rd being investigated we are told), and this begs the questions…
What has been going on at the VBA?
What else might be uncovered?
What needs to be done to investigate further?
This article is a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
Water ingress from common property is one of the most common apartment defect issues we see. Lot owners dealing with leaking roofs, balconies or plumbing failures have a range of remedies available against the owners corporation at VCAT.
If you have witnessed misconduct or corruption in the building and construction industry, there are substantial legal protections available to you under the Corporations Act.
Purchasing a professional indemnity policy does not guarantee you are covered. Without careful review of your policy wording, accurate completion of the proposal form and proper notification of circumstances that may give rise to a claim, your PI insurance may not respond when you need it most.