Nearly half the building and renovation companies examined in the first stage of a NSW government crackdown were found to be operating without insurance, although all have so far escaped punishment.
Respected legal and consulting figure Bronwyn Weir is leading the State Insurance Regulatory Authority’s review of the fund. It is seeking to determine whether the fund’s maximum payout, $340,000 , is enough coverage for home owners after inflationary pressures pushed building costs up by 60 per cent in the same time.
George Khouzame, the director of Hemisphere Constructions, was responsible for the Condell Park house collapse. But he hasn’t been charged over it.
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