On your concern I will tell you about Master Builders Fidelity Fund located in NT so that you can go through the details easily.

The Master Builders Fidelity Fund is a not-for-profit trust that was set up as part of the Residential Building Cover package introduced by the Northern Territory Government help to provide consumer protection for owners of new homes and extensions to existing homes.

Trustees
Dick Guit

John Brears

Karl Tester

Devendra Patel

Leon Loganathan

Charles Wright

To get fidelity certificate here is the eligibility criteria


Satisfy the Master Builders Fidelity Fund of your eligibility

Complete an assessment form and provide financial statements and details about your business structure and construction history, so an independent assessor can determine the value of work you can take on at any one time

The assessment is done by an independent chartered accountant in the ACT and is free

The turn around time is 7-10 working days

You will be advised of your available limit

You can apply for a re-assessment at any time if you think your cap is too low

As you enter into a contract to build, you must obtain a Fidelity Fund Certificate for that work

The Fidelity Fund will monitor your capacity by referring to the value of the contract

The premium for the Fidelity Certificate is payable when you obtain the certificate

A copy must be given to the owner (before you start work) and the certifier (who cannot issue a building permit until they have a copy)

You should keep the original certificate

If the contract later varies by more than 5% (up or down), you must apply for a varied fidelity certificate.


Address:-
Master Builders Fidelity Fund
11/396 Stuart Highway, Winnellie. 0820
PO Box 37121, Winnellie. NT. 0821

Phone:-
08 8922 9680