Class action launched over flammable cladding

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By Leith van Onselen

Alucobond supplier Halifax Vogel Group and its manufacturer 3A Composites are the target of a class action by apartment owners in a Sydney building. They are being represented by William Roberts Lawyers in the first combustible cladding class action in Australia. They claim that the cladding on their building does not meet standards applicable to consumer protection laws, and that 3A Composites and Halifax Vogel Group should pay for it to be replaced, as well as compensation for expenses such as higher insurance premiums. From The AFR:

“What we allege is that the product was unsafe, and not fit for purpose,” said IMF Bentham investment manager Gavin Beardsell on Monday.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.