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The Canberra Times reports that the ACT Government considered implementing a “building defects fund” in 2010 to prevent shoddy construction work across the capital. However, the policy was never implemented, leading to the proliferation of sub-standard apartments:
Canberra’s development boom has been plagued by numerous accounts of defect-ridden buildings.
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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.
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