Builder Privium Group in voluntary administration - News alert

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19 November 2021
News alerts

The builder Privium Group of Companies (Privium Group) has gone into voluntary administration, with FTI Consulting appointed as external administrators.

Because Privium Group is under external administration, impacted consumers in Victoria are advised to lodge their interest with the appointed external administrator FTI Consulting:

Impacted consumers may also be able to claim for unfinished or defective work under the builder’s domestic building insurance. Domestic building insurance (also called builders warranty insurance) is taken out by a builder on works valued at more than $16,000.

Victorian Managed Insurance Authority (VMIA) is a provider of Domestic Building Insurance in Victoria and has ongoing building projects registered for Privium Group.

More information about lodging a claim with VMIA can be found on the VMIA (Domestic Building Insurance) website.

If the builder’s domestic building insurance policy is with another insurer or you have taken out your own policy, you will need to contact that insurer to lodge a claim.

We understand this will be a stressful time for many people who have contracts or unfinished building works with Privium Group. Consumer Affairs Victoria is monitoring this situation closely to ensure impacted consumers are aware of their options for remedy.