Local ACT builder Banyan Constructions Pty Ltd, was put into liquidation on 20 January 2020. This is likely to have significant repercussions for the owners of residential units built by Banyan Constructions in the last 5 years.
It is likely that Banyan Constructions has obtained insurance coverage from the Master Builders Fidelity Fund (the Fund).
If your building was built by Banyan Constructions in the last 5 years and you have building defects in your unit (or in the buildings that you manage), you have 90 days from 20 January 2020 (that is, until 19 April 2020) to make a claim against the Fund. If you are unsure as to whether you have building defects or not, please contact us on (02) 8706 7060 or at enquiries@kerinbensonlawyers.com.au.
Please note that you will not be able to make a claim against the Fund after 19 April 2020.
By Christopher Kerin, Legal Practitioner Director at Kerin Benson Lawyers