Victims of collapsed home builders in Victoria may be eligible for one-off support payments of up to $50,000, after the state government expanded its compensation scheme that initially assisted customers of Porter Davis.
The government said the payments would be available to customers if their builder failed to take out mandatory Domestic Building Insurance on their behalf, and went into liquidation within the past 12 months.
Mr Andrews said the existing rules around home building insurance in Victoria were "nowhere near fit-for-purpose" which is why a review would take place."That's the work that's going on now and we'll be able to report progress on that soon." The premier said payments to the original group of Porter Davis customers deemed eligible for support were due to "hit bank accounts" in the coming days.Victoria's opposition backed the scheme's expansion, describing it as the "fair and right outcome".
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