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Anne Paten's blog

How apartment owners got hooked to pick up the massive bill for dodgy cladding

Victoria’s Planning Minister, Richard Wynne recently dropped a bombshell on thousands of apartment owners whose buildings are covered in flammable cladding.New loan laws likely to be passed by Parliament have been billed as a kindly gesture to help owners of apartments covered in the flammable cladding to fund the rectification costs. This news might seem a worthy initiative, except that the most iniquitous elements in this scandalous swindle are unspecified. Principally, Wynne’s decree provides that owners who bear no blame for this combustible catastrophe are to be burdened with a debt that could run into billions of dollars. [Article first published at https://www.thefifthestate.com.au/innovation/materials/apartment-owners-dodgy-cladding/ on 13 September 2018.]

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