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NSW Fair Trading

NSW Fair Trading to get extra powers to crack down on dodgy builders and tradies to be paid quicker

NSW Fair Trading to get extra powers to crack down on dodgy builders and tradies to be paid quicker

TRADIES will be paid quicker and Fair Trading NSW will be given extra powers to crack down on dodgy builders under a shake-up of laws surrounding construction contractors. 

The changes include a reduction from 30 days to 20 days in the maximum time a head contractor has to pay a subcontractor.

They will also be able to claim a payment at least once a month for completed work and make a final claim if a contract is terminated.

NSW government introduces bond to protect home buyers from dodgy developers

NSW government introduces bond to protect home buyers from dodgy developers

Property developers will have to pay money to NSW Fair Trading under a scheme designed to protect home buyers from builders that walk out on "dodgy or unfinished work".

The Strata Building Bond and Inspections Scheme is designed to provide a process to rectify defects during the early phases of construction.

The NSW Minister for Better Regulation, Matt Kean, said the defect bond scheme was intended to reduce costs for both developers and buyers, cut time delays in rectifying issues and minimise expensive, time-consuming legal action.