Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Leaky homes package contains “good news”

12 May 2006

Leaky homes package contains “good news”

Moves by the Government to speed up the resolution of disputes under the weather tight homes resolution service were welcomed by the Construction Industry Council (CIC) today.

The Chairman of the council, Mr John Pfahlert. said recognition that the system is too slow and that a streamlined service is needed was good news.

“While an eight month objective for resolution by mediation will be too long for some home owners, the reality is that it is a big improvement on the average 14 month period that has become the norm. The inclusion in the claims process of scope for claims covering probable, as well as actual, weathertightness-related damage, and the manner in which these are treated, may save claimants a good deal of money.

“The financial assistance scheme even though at market rates will be a help, especially as it is linked to loan guarantees for a period.”

Mr Pfahlert said provision for an adjudicator to take a more investigative approach toward the situation should also be useful, as would introduction of a class action approach to body corporates taking action on behalf of multi-unit claimants.

“The industry is committed to improving performance across the board with efforts aimed at lifting professional standards and accountability. We, like many home owners who have suffered water damage from leaky buildings, want to see fair and equitable resolutions as quickly as possible.”

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>