A bill has been introduced to NSW Parliament, the Electronic Transactions Legislation Amendment (Government Transactions) Bill 2017, which, if passed, will delay the commencement of the new building bond and defect inspection regime until 1 January 2018. See link to the legislation here.
There is speculation that this is linked to delays in the preparation of the new national standard for the inspection of group title buildings, AS4349.2. It is hoped that this delay will allow for the fine tuning of the scheme, but with multiple delays in commencement, has the legislative enthusiasm evaporated?
Please see further information on the proposed regime here.