Victorian Government to Fund Cladding Rectification

The Victorian State Government is today announcing the establishment of the Cladding Safety Victoria Authority which will oversee the rectification of flammable cladding covered buildings (including privately owned). The authority will be responsible for managing the upfront payment for works whilst pursuing damages from responsible parties.

With up to 900 buildings in the State requiring works the cost of the project is expected to be significant but will also provide a welcome stimulus to the construction industry as multi-unit construction enters a downward cycle.

Read more at the AFR here.