The Victorian government says it will reimburse deposits paid to home builder Porter Davis by about 560 families who were left without a home or insurance when the company collapsed.
abc.net.au/news/porter-davis-clients-left-without-insurance-victorian-government/102245452The Victorian government has said it will reimburse deposits paid to builder Porter Davis by hundreds of families who were left without a home or insurance when the company collapsed.
On Monday, liquidator Grant Thornton said it had reached an agreement for Nostra Property Group to take over the multiple-dwelling arm, allowing up to 375 townhouses to be built. On Thursday morning, Victorian Premier Daniel Andrews said his government had identified about 560 families whose homes had not yet begun being built and were not covered by the compulsory VMIA insurance.
"For some reason, quite shamefully actually, Porter Davis have not forwarded on that insurance policy," he said.
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