RICS Strata Inspection Panel – NSW, Australia

RICS has been approved by the New South Wales Government to run a Strata Inspection Panel (The Panel) under the requirements of the NSW Strata Building Bond and Inspection Scheme (The Scheme) Strata Building Bond & Inspections Scheme | NSW Fair Trading.

Under the Strata building bond & inspections scheme (SBBIS), developers of new strata buildings 4 storeys or higher must pay a building bond to NSW Fair Trading equal to two percent of the total price paid or payable of all contracts for the building. This building bond may be used to fix defects identified during the SBBIS building inspections. If not needed, the bond is returned to the developer.

Chartered Surveyors qualified in Building Surveying* or equivalent professionals who have been assessed and approved to be on the RICS Panel are eligible to undertake the role of a Building Inspector under the Scheme. (* RICS Chartered Building Surveyors are not to be confused with building certifiers/building control surveyors. The experience and competences required of RICS Chartered Building Surveyors is broader and encompasses post occupancy building inspection and pathology, defects identification and technical due diligence, in addition to design, contract and project management of construction.)

The RICS Standards of Conduct include the RICS Rules of Conduct and a number of mandatory standards that apply to all professional members and RICS-regulated firms. Standards of conduct (rics.org)

The Rules of Conduct under which RICS Members must operate can be found here: Rules of conduct (rics.org)

The RICS regulatory and disciplinary process, which includes details how complaints against RICS Members are dealt with can be found here: How we regulate (rics.org)

The process for dealing with complaints against RICS can be found here: rics-global-complaints-procedure.pdf

For further information on the RICS Panel please contact:

Nick Hudson

E: nhudson@rics.org

M: +61 (0)403822523