HOW > HBCF > ?

What was known for a long time as HOW = Home Owners Warranty,  was changed by the government a couple of years ago to HBCF = Home Building Compensation Fund. 

Under the NSW  Home Building Act 1989 as amended, once a homeowner pays a licenced tradesperson over AUD $20,000.00 they must provide a HBCF insurance policy. In years gone past some have been faked and uncovered by the authorities with severe penalties imposed..

In relation to the issue of CC's and CDC's, if a homeowner declares on the application forms the work is AUD $20,0001.00 or greater, a HBCF insurance policy must be provided for inclusion in the bundle of CC or CDC documents. The necessity for the provision of a HBCF policy is always listed in a Council DA Consent and consequently on a standard COMO CC Fee Proposal Checklist for a CC. Also the provision of a HBCF policy is listed on a standard COMO CDC Fee Proposal Checklist for a CDC.

In early 2018 the NSW government will change the name again to HBF. 

Michael COMO