The removal of the mandatory commercial defects insurance in Victoria took an agonising 8 years to achieve!
This insurance was required to obtain and activate a commercial licence each and every year. It is questionable if there was ever a claim against this insurance.
The Builders Collective persevered with its removal over the years and we would like to acknowledge the assistance of Jeff Norton who undertook a review of it while he was at the Building Commission and that outcome gave Minister Clark the opportunity to act on facts and remove the product altogether.
All commercial builders can now obtain their licence without the impost of an insurance policy that held no value. It was officially removed on the 30 June 2014
The Builders Collective claims full credit for the removal of this insurance.