6Objects of Act

6 Objects of Act (1) The objects of this Act are to— (a) protect the public by ensuring— (i) residential development activities are undertaken by property developers that are competent and have the capacity to undertake those activities; and (ii) property developers are responsible and accountable for the residential development activities they undertake; and (b) promote public confidence in the standard of residential development activities undertaken by property developers.

Preliminary Part 1 (2) The objects are to be achieved by— (a) establishing a licensing scheme that ensures certain residential development activities are only undertaken by licensed property developers; and (b) imposing standards of practice and competency for the residential development activities undertaken by licensed property developers; and (c) requiring property developers to rectify serious defects, or possible serious defects, in regulated residential buildings they arrange to be constructed; and (d) providing for the monitoring and enforcement of compliance with this Act. Note Other legislation applies to residential development activities to help achieve this Act’s objects and to ensure property developers are accountable for the residential development activities they undertake. See the following: • Building Act 2004 • Civil Law (Sale of Residential Property) Act 2003 • Planning Act 2023 • Unit Titles (Management) Act 2011.