The record VBA penalty comes after Aycon was immediately suspended in April 2024 for carrying out domestic building work without the required insurance across multiple building sites.
The disciplinary action includes cancellation of Mr Ayranci’s registration and disqualification for three years, the statutory maximum, on the grounds that he was not a fit and proper person and that he engaged in unprofessional conduct.
An intelligence-led proactive VBA investigation found more than 150 building permit applications were supported by a false certificate of domestic building insurance (DBI) and that building work had taken place without the required insurance being in place.
We are actively working with our government partners to support affected customers of Aycon.
By law, DBI must be taken out on any domestic building work over $16,000.
Consumers are reminded of the importance of DBI and not to pay a deposit until their builder has shown proof of a valid DBI policy and certificate of insurance that applies to your property.
If you have a VMIA certificate, you can verify it at: .
If you believe you have insurance from another provider, check with them.
