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The Victorian government will introduce a blanket ban on the use of flammable cladding on all buildings of two storeys or more. Breaches of the new rules, which will take effect on 1 February, will incur financial penalties of up to $80,000 for an individual and $400,000 for a company.
The ban has been introduced in the wake of fires at several high-rise apartment buildings in the Melbourne CBD and the Docklands precinct in recent years, as well as the Grenfell Tower fire in London.
From The ABC:
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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.