Embattled building Nicheliving cuts a deal with the state government to give up its building registration in exchange for having its insurance liability waived.
Nicheliving has agreed to give up its building registration for the next decade in exchange for the WA government waiving its insurance liability.
Commerce Minister Sue Ellery announced the deal on Friday morning, saying it would bring customers one step closer to completing their homes, in exchange for the company's insurance liability being waived. Minister Ellery said she put a proposal to Nicheliving the following month, which they accepted within five days, and now has been formalised by the company dropping its case in the State Administrative Tribunal.
"This is something that the WA government may have been forced to do in any event because while QBE does pursue directors, I'm advised that recovery rates are actually quite low," Ms Ellery said.
Wa News Wa Pols Wa Politics Nicheliving Building Construction Ronnie Michel-Elhaj
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