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ARTICLE · 09 MAY 2023

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Builder gone bust in Queensland? – Everything you need to know!

Stonegate Legal
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If the builder can't complete construction, the owner may apply to the QBCC Home Warranty Insurance Scheme.

AustraliaReal Estate and Construction
Wayne Davis
Wayne Davis
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Article Summary

If your builder has gone bust in Queensland then this means that the builder has become bankrupt, or the building company has gone into liquidation.

This act of going bust is very likely a breach of the residential building contract, allowing the owner to terminate the residential building contract.

Once terminated, the owner will likely be able to take advantage of the QBCC's Home Warranty Insurance Scheme.

The QBCC will make a pay a builder from their list of panel builders on behalf of the owner:

  1. If the building work has not commenced - a refund of the deposit.
  2. If the building work is incomplete - to complete the build of the house.
  3. If the building work is complete - any defective works claims.

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