Positive changes to Home Building Compensation Fund

Currently, builders and tradies insured under the Home Building Compensation Fund (previously known as Home Owners Warranty) are subject to a capped amount of insurance they can purchase each year, restricting the number of projects that can be taken on.

2 July, 2015
Positive changes to Home Building Compensation Fund

Currently, builders and tradies insured under the Home Building Compensation Fund (previously known as Home Owners Warranty) are subject to a capped amount of insurance they can purchase each year, restricting the number of projects that can be taken on.

From 4 August 2015 new ‘open job limits’ will replace annual limits. This means that fund applicants (builders and tradies) will have a rolling insurance limit, allowing new jobs to start as current ones are confirmed as complete.

The changes are due to a new IT system that will make it easier to monitor activity undertaken by fund applicants. Projects will be monitored in real time by number and values, making it simpler for contractors to get insurance for new projects when they complete a previous project.

This means eligible builders can take on more work without requiring an insurance eligibility review.

Contractors are required to take out insurance under the Home Building Compensation Fund for jobs worth more than $20,000. Visit the Home Building Compensation Fund page on the NSW Fair Trading website for more information.

Your source of design inspiration.

We share design tips, tricks, and trends, as well as expert advice and inspiration from across the globe.

22 October, 2025
NSW Housing Pattern Book Design Explained

Walk down any well-planned street and you can sense it. The houses line up just right. Trees cast the right amount of shade. Front doors face each other in a way that makes neighbours wave more often than not. That balance doesn’t happen by accident. In New South Wales, one of the biggest tools behind …

1 September, 2025
What is the Difference Between a DA and a CDC?

Thinking of building or developing in Sydney? You’ve probably come across the terms DA and CDC. It’s easy to get confused, especially if you’re new to property development. Let’s clear it up. There are two main paths to getting approval for your build: a Development Application (DA) or a Complying Development Certificate (CDC). Both bring …

28 July, 2025
How to Avoid Common Mistakes in the Building Design Process

Building a home or commercial space is one of the most exciting things you can do—but it’s also where many people go wrong. You might have a vision in your head, a mood board on your wall, and a budget in place. Still, things can fall apart quickly if key details are missed early on. …


Load more articles