We asked for your feedback on how to achieve these outcomes under the 6 key themes guiding the review:
Comprehensive, contemporary coverage: Ensures the current scope of the Scheme is fit-for-purpose, including being responsive to new and emerging types of building and living practices.
Adequate and flexible compensation limits: Offers adequate and flexible coverage and reflects prevailing market conditions.
Affordable risk-based premiums: Ensures equity and affordability.
Effective and efficient processes and time limits: Streamlined claims processes and timeframes.
Empowered consumers: Ensures consumers are properly informed prior to entering into a contract to build, renovate or buy a residential property.
A modern and responsive scheme: Considering expanded consumer protection to reflect the rapid changes in the style of modern building designs.
We asked for your feedback on how to achieve these outcomes under the 6 key themes guiding the review:
Comprehensive, contemporary coverage: Ensures the current scope of the Scheme is fit-for-purpose, including being responsive to new and emerging types of building and living practices.
Adequate and flexible compensation limits: Offers adequate and flexible coverage and reflects prevailing market conditions.
Affordable risk-based premiums: Ensures equity and affordability.
Effective and efficient processes and time limits: Streamlined claims processes and timeframes.
Empowered consumers: Ensures consumers are properly informed prior to entering into a contract to build, renovate or buy a residential property.
A modern and responsive scheme: Considering expanded consumer protection to reflect the rapid changes in the style of modern building designs.