Victoria to waive PI requirement for surveyors and inspectors.

In an effort to avoid the feared shutdown of construction as surveyors and inspectors struggle to find professional indemnity insurance in the wake of the flammable cladding crisis and structural failures in Sydney apartments, Victoria will no longer require these professionals to have fully comprehensive insurance. This follows the lead of Queensland in averting the immediate issue but does not resolve the longer term structural challenge in insuring the industry.

The State government has previously stated that it would act as an insurer of last resort if the industry is unable to find a solution.