Elise Archer,Minister for Workplace Safety and Consumer Affairs
Public consultation has begun on the proposed model for a ³Ô¹ÏÍøÕ¾ Warranty Insurance scheme for Tasmania, with a Consultation Paper now available for discussion.
Our Government recognises that building a home is the most significant investment many Tasmanians make, and this will ensure Tasmanians who build a home have the appropriate protections in place if their builder dies, disappears, or becomes insolvent.
The ³Ô¹ÏÍøÕ¾ Warranty Insurance Consultation Paper details the key parameters and models of home warranty insurance, and outlines a number of options for how it could work effectively in Tasmania. It has been developed in close consultation with the Department of Treasury.
The proposed features for a Tasmanian ³Ô¹ÏÍøÕ¾ Warranty Insurance scheme seek to balance consumer protection with cost, and therefore uses a “last resort” model, which is consistent with most Australian jurisdictions.
The re-introduction of ³Ô¹ÏÍøÕ¾ Warranty Insurance in Tasmania will complement other changes already being implemented by the Tasmanian Government to strengthen consumer protections within our building regulatory framework.
Our Government recognises the importance of a building regulatory framework that is fit for purpose, providing a range of contemporary and appropriate protections for the benefit of consumers undertaking residential building work.
I thank the members of the building industry for their support so far and strongly encourage them to engage in this consultation process, to get the best model for a ³Ô¹ÏÍøÕ¾ Warranty Insurance scheme in Tasmania.
To view the Consultation Paper and for details on how to make a submission, go to .
I also encourage everyone with an interest in this important issue to jump online and have their say before submissions close on Monday, 6 June 2022.
