icare HBCF empathises with homeowners who have contracted to do building works in recent times with Huxley Homes who are now in liquidation.
HBCF provides a safety net for homeowners who enter into contracts to do residential building works in NSW in the event their contractor is unable to honour commitments due to insolvency, death or disappearance. The safety net is also provided where the builder's licence is suspended for failure to comply with a Tribunal or Court Order to pay compensation to the homeowner.
The icare hbcf provides a safety net for homeowners who have contracted for residential building work and their builder has been unable to honour their commitments under the building contract due to insolvency, death or disappearance. The safety net is also provided where the builder's licence is suspended for failure to comply with a Tribunal or Court Order to pay compensation to the homeowner.
Insurance under the HBCF is required to be obtained by builders for all residential construction projects over $20,000.
icare (Insurance and Care NSW) was created in September 2015 through the commencement of the State Insurance and Care Governance Act. icare is a Public Financial Enterprise governed by an independent Board of Directors that delivers insurance and care services to the people of New South Wales.
The NSW Self Insurance Corporation (SICorp), Home Building Compensation Fund (HBCF) along with other like agencies such as the Workers Compensation Nominal Insurer, Lifetime Care and Support, Sporting Injuries Compensation and the Dust Diseases Authority have joined icare.