Statement from the VBA on Porter Davis and Lloyd Group
Quotes attributable to a VBA spokesperson
"We recognise this is a very difficult time for many Victorians."
"We are working with other government agencies and appointed building surveyors to support owners with information and assistance in this challenging environment."
Please see fact sheet on builder insolvency available on the VBA website: http://www.vba.vic.gov.au/__data/assets/pdf_file/0007/83536/Builder-insolvency-and-financial-difficulty.pdf
Where practitioners undertake domestic building work worth more than $16,000, domestic building insurance (DBI) is a mandatory requirement. DBI covers the client if, before work is complete, the practitioner dies, is declared insolvent or disappears.
Homeowners can check documentation such as their major domestic building contract and their certificate of insurance for details of their insurer.
To find out more about domestic building insurance, contact Consumer Affairs Victoria on 1300 55 81 81 or visit their website: www.consumer.vic.gov.au/housing/building-and-renovating/defects-delays-and-insolvency/insurance-and-insolvency