Queanbeyan rates crisis over

Queanbeyan Councillors met last night to put an end to the town’s eight-month backdated rates fiasco and quashed $3.7 million of rates invoices issued in July. Ratepayers had been awaiting …

ACT Buyback Program for Mr Fluffy Affected Properties

The ACT Government’s Asbestos Response Taskforce announced in October of 2014 that the only ‘enduring solution’ to the Mr Fluffy crisis presented by these 1021 homes is to demolish all of them and remediate the blocks by removing contaminated topsoil. The Buyback Program offers a reasonable and needed solution to the Mr Fluffy housing problem. However, the surrender process is not mandatory and property owners may be able to seek alternative forms of compensation from either the ACT, Commonwealth or third parties involved in the sale or certification of the house. Homeowners should recognise the value of these potential other forms of compensation prior to signing the deed. As a general comment, property owners who have substantial non-recoverable losses or who have purchased their properties in the last six years should seek legal advice on their options.