Greens: Taxpayers should pay for flammable cladding removal

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By Leith van Onselen

Strata Communities Australia and the Greens have called on the federal government to pay for the upfront cost of removing flammable cladding from apartment buildings. SCA CEO Alisha Fisher says some apartment owners are looking at having to pay as much as $60,000 to have cladding removed from their unit. Greens MP Adam Bandt says now is the time to act and get rid of flammable cladding, given the potential dangers. He says the government should fix the problem now, and then recoup the costs from those responsible later. From The AFR:

“The government should step in, fix the cladding now then recoup the cost from those responsible afterwards,” Mr Bandt told The Australian Financial Review.

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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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