Building and Energy is advising property owners affected by the liquidation of FTD Construction Pty Ltd to contact their home indemnity insurance (HII) provider, QBE Insurance, if they have not already done so.
The Perth building company appointed liquidators yesterday (29 January 2024).
In September 2023, the Building Services Board refused to renew the building contractor registration of FTD Construction (also known as Fulfill The Dream), which also enabled homeowners to access HII. The Board was not satisfied that the company met financial, management and supervision requirements for registration.
Building and Energy Acting Executive Director Peter Stewart said homeowners with incomplete or defective building work by FTD Construction should contact QBE on 1300 790 723 to discuss their HII policy.
“Home indemnity insurance provides financial protection for homeowners if their builder faces circumstances such as insolvency or loss of their builder registration,” he said.
“Contacting the insurance provider enables homeowners to begin the process of engaging another registered builder to complete the work or managing other remedies they may be entitled to.”
Subcontractors affected by FTD Construction’s insolvency should contact Mathieu Tribut of GTS Advisory, who has been appointed liquidator, on info@gtsadvisory.com.au or 9223 7900.
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Media contact: BEmedia@demirs.wa.gov.au
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