News

Following the government’s announcement in July, the Regulation has now been changed to allow building certifiers to have an exclusion on their professional insurance (PI) indemnity policy up until June 2021.

Insurance premiums for residential construction work in Queensland increase by 3.85% from today.

The Queensland Government will introduce three significant changes to their procurement policy from Thursday, 1 August. If you currently tender for or perform state government work, you need to be aware of the changes.

PI Insurance, certifiers and the Building Ministers Forum meeting The outcomes of the recent Building Ministers Forum (BMF) are an important step toward addressing the ongoing issues with PI insurance and combustible cladding.

CertMark International Pty Ltd (CMI) has had its accreditation suspended under the CodeMark and WaterMark rules. While suspended they cannot issue any CodeMark or WaterMark certificates.

As well as being fully compliant with recent legislation changes, the new versions of the Period Subcontract Agreement (PSC) and Work Order (WO) are more comprehensive than previous versions.

Master Builders is pleased the government has heeded our calls for a change in the rules for licensing building certifiers. The Minister announced this week that building certifiers will be allowed to have an exclusion on their professional indemnity insurance for combustible cladding.

The final part of the Minimum Financial Requirements (MFRs) will take effect from 1 January 2020 and will be relevant to self-certification categories (SC) 1-2 and category 1-3 licensees.

With the QBCC recently carrying out site audits focusing on the Earthquake Standard and compliance with Section 8 – non-structural parts and components, it has never been more important for builders to understand their obligations.

We continue to hear reports from industry that insurers are pulling out of the market for professional indemnity (PI) insurance for certifiers, engineers, builders and architects.