BUILDING INDEMNITY INSURANCE

In reply to the Hon. R.I. LUCAS (30 June 2010).

The Hon. G.E. GAGO (Minister for State/Local Government Relations, Minister for the Status of Women, Minister for Consumer Affairs, Minister for Government Enterprises, Minister for the City of Adelaide): I am advised that:

1. Whilst the Heads of Agreements are in place, and until more formal agreements are put in place, in certain circumstances, including meeting insurer eligibility criteria, a new builder can be covered.

2. As I previously indicated to Council, the details of the Heads of Agreements with QBE and Calliden are commercial in confidence. However, the Government's entry into these arrangements was to ensure stability whilst the market in South Australia adjusted.