Owner-builders and the section 32: How the law changed on 1 July

A vendor did some of their renovation themselves. Maybe just cosmetic changes to the kitchen and bathroom, maybe a full extension. Either way, their solicitor now has to work out whether the new statutory insurance scheme applies, and if it doesn't, what goes in the section 32 instead.

The new statutory insurance scheme is first-resort, but it only reaches some owner-builder sales: domestic building work over $20,000 done under a certificate of consent. Cover now has to be arranged through a Building and Plumbing Commission-appointed distributor, which could take several weeks to issue. That is not a conversation you want to be having the week before the auction. Get the disclosure wrong and the purchaser can walk away from the contract before settlement and the vendor will have committed an offence. 

This session will help you navigate when the scheme applies and when it doesn't, what goes in the section 32, and how the transitional rules apply.  

Presented by: Laura Vickers, Head of Prevention and Risk Services, LPLC and LIV Accredited Property Law Specialist, Stephen Bubb, Prevention and Risk Manager, LPLC and Jamie McCallum, Prevention and Risk Manager, LPLC and LIV Accredited Property Law Specialist

Live online Wednesday 15 July 

1 CPD Substantive Law

*** This session will be recorded and available on the LPLC's website for later viewing.

Speaker Bios

Laura Vickers is the Head of Prevention and Risk Services at the LPLC and an Accredited Specialist in Property Law. Prior to joining the LPLC, Laura was the Principal Lawyer and Founding Director at Nest Legal. She is known for her focus on helping practitioners to identify, manage and prevent risk in property transactions.

Stephen Bubb is a LPLC Prevention and Risk Manager who brings over 30 years of experience in private practice. He has a deep understanding of the challenges faced by legal practitioners and is known for his strong focus on delivering clear, practical guidance that can be effectively applied across firms of all sizes, practice areas, and working environments.

Jamie McCallum is a LPLC Prevention and Risk Manager and is an LIV Accredited Specialist in Property Law. Prior to commencing at the LPLC, Jamie worked in private practice in a range of regional firms. Jamie has an extensive background in complex property law, conveyancing matters, and taxation issues relating to property transactions.

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