Thursday June 6 saw virtually all the Alice Springs builders come together over concerns bought on by the introduction of the MBA Fidelity Fund by the previous Government as a kneejerk reaction to the Carey Builders failure.
This Last Resort scheme in the southern States has had devastating impacts on both builders and consumers with unimaginable outcomes, and has been maintained under an illusion as the regulatory oversight was removed by the instigators at the outset.
The nations consumer advocate ‘Choice’ in their written assesment of Last Resort refer to it as Junk policies/certificates not worth the paper they are written on, and making a mockery of consumer protection while the Productivity Commission state its been a running sore since inception.