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ASBESTOS REPORTING & MANAGEMENT

The legislation has changed several times recently but essentially requires all buildings constructed prior to 1 January 2004 to have an inspection undertaken by a suitably qualified person to identify any asbestos containing materials (ACM’s).

To confuse matters further there are now varying requirements for building constructed prior to 1990 and 2004 depending on of whether asbestos is present or not.

It is imperative that commercial and industrial property owners be aware of the requirements applicable to their individual circumstances.

The regulatory authority policing this area has indicated that they will be undertaking 1000 random inspections each year to indemnify non-compliant properties

The maximum penalties for non-compliance is $30,000.  However should non-compliance result in serious illness penalties may be as high as $3,000,000, 5 year incarceration and/or damages from civil litigation.

Have you got any questions? 

Contact Toby Sopp our Senior Associate Director – Asset Management