Ratings system

How risk profiles and a rating system for the building industry will drive regulatory action.

A risk-based approach that focuses on the riskiest players

We will move away from a ‘one size fits all’ model to a risk-based approach where regulatory attention is focused on the riskiest players. 

We will do this by:

  • creating a digital platform for the building regulator that merges data from different inspections and other regulators to provide greater intelligence, data sharing and targeted compliance action including occupation certificate audits
  • developing internal risk rating capabilities to identify the relative risk of project teams with a focus on developers, builders and certifiers.

To achieve this we will:

  • collaborate with insurers, financiers, risk rating agencies and building industry practitioners to develop publicly accessible rating tools provided by regulated rating businesses
  • apply rating information to complement existing data held by regulators
  • provide building inspectors with easily accessible information about the building site and history of inspections to support their assessments.

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