Fears the Government's new construction requirements will unintentionally create a monopoly.

The Government's announced mandatory warranties for new homes three storeys or less, and all renos worth at least $100,000. 

Building and Construction Minister Chris Penk says it's intended to protect homeowners from cowboys.  

Combined Building Supplies Chief Executive Carl Taylor told Mike Hosking there's been difficulty in the past to get insurers on board. 

He says there is work to change this, because there is much need for more competition in this space. 

LISTEN ABOVE 

Fears the Government's new construction requirements will unintentionally create a monopoly.
The Government's announced mandatory warranties for new homes three storeys or less, and all renos worth at least $100,000.&nbsp;
Building and Construction Minister Chris Penk says it's intended to protect homeowners from cowboys. &nbsp;
Combined Building Supplies Chief Executive Carl Taylor told Mike Hosking there's been difficulty in the past to get insurers on board.&nbsp;
He says there is work to change this, because there is much need for more competition in this space.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

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Carl Taylor: Combined Building Supplies CEO on the Government requiring mandatory warranties for new home builds and renos

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0cb193a3-d782-4814-9e5e-b39f0139bfe8/transcript

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