GLOSSARY TERM  
  Statutory Warranties  
 
  DESCRIPTION  
  The Home Building Act 1989 (NSW) provides that certain warranties by the holder of a licence, or a person required to hold a licence before entering into a contract, are implied in every contract to do residential building work. These warranties go to workmanship, suitability of materials, compliance with law, timeliness, fitness for occupation as a dwelling and fitness for purpose. A person who is the immediate successor in title to an owner-builder, a holder of a contractor licence, a former holder or a developer who has done residential building work on land is entitled to the benefit of the statutory warranties as if the owner-builder, holder, former holder or developer were required to hold a licence and had done the work under a contract with that successor in title to do the work.