New Zealand's Building Amendment Bill passes first reading as Greens oppose
New Zealand's Building Amendment Bill has passed its first reading. The legislation shifts liability for defects to a "proportionate" model and introduces mandatory home warranties for most new builds. The Green Party opposed the bill. The reform aims to reshape how construction risk is shared.
New Zealand's Building Amendment Bill has passed its first reading in parliament, advancing to the next stage of the legislative process. According to RNZ, the bill shifts liability for building defects to a "proportionate" model.
The legislation also introduces mandatory home warranties for most new builds. These changes aim to reshape how risk in the construction sector is shared among the parties involved.
The Green Party opposed the bill. To take effect, the legislation must still complete the subsequent reading and committee stages in parliament. Industry representatives are assessing how the proportionate-liability model would affect costs and insurance practices across the sector.
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