Towering loophole: taxpayer may foot the bill for defects

Original article by Sam Buckingham-Jones
The Australian – Page: 1 & 2 : 11-Jan-19

The troubled-plagued Opal Tower is built on land that is owned by the Sydney Olympic Park Authority rather than the apartment building’s developer, Ecove. Legal experts say that under changes to the Home Building Act in 2010, the New South Wales Government may have to bear the costs associated with fixing the tower’s structural defects, as the SOPA is regarded as the developer of the building. The government will receive the report of an independent investigation into Opal Tower on 11 January.

CORPORATES
SYDNEY OLYMPIC PARK AUTHORITY, ECOVE GROUP PTY LTD, ICON CO PTY LTD, NEW SOUTH WALES. DEPT OF PLANNING AND ENVIRONMENT, AUSTRALIA AVENUE DEVELOPMENTS PTY LTD, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, WSP GROUP, CHAMBERS RUSSELL LAWYERS, HOMEBUSH BAY DEVELOPMENT CORPORATION, SUPREME COURT OF NEW SOUTH WALES, BROOKFIELD MULTIPLEX LIMITED

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