Recording - Panel discussion: Strata Building Bond and Inspections Scheme vs Latent Defects Insurance

The Strata Building Bond and Inspections Scheme (SBBIS) and Latent Defects Insurance (LDI) are both designed to protect residential strata schemes from the cost of rectifying defective building work in multi-storey developments. With the NSW Government currently considering compulsory LDI as a replacement for the SBBIS, the implications for the property development, construction and project delivery sectors are significant.

This panel explores the commercial, financial and risk considerations from multiple perspectives including development feasibility, defects management, insurance structure, funding implications and regulatory enforcement.

Panel speakers

• Sarah Bozionelos – Registered Architect, Quantity Surveyor, SBBIS Inspector, Archi-QS

• Corey Nugent – Chief Executive Officer, SHC Insurance Brokers

• Renati Barel – Commercial Finance Broker, World Class Finance

• Andrew Tunks – Chief Operating Officer, Netstrata

• David Creais - Moderator, Bartier Perry