Ministerial Approval and Oversight Requirements for Fidelity Fund Scheme Trustees
Building Legislation Amendment (Fidelity Fund) Bill 2025
Topics
compliance monitoring fidelity fund schemes financial oversight fund management trustee appointments
Introduced by: The Hon Joshua Burgoyne MLA (CLP)
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The Debate
What different members said when this bill was debated:
Joshua Burgoyne CLP
“Madam Speaker, I present a Bill titled Building Legislation Amendment (Fidelity Fund) Bill 2025, Serial 45, and table the explanatory statement. I move that the Bill be now read a first time.”
Gerard Maley CLP
“Madam Speaker, I deliver the ministerial report on the dire state of the NT electricity system, notified on 21 October 2025. This report is to update the Assembly on the clear and immediate challenges facing the Northern Territory electrical system. I introduced two Bills during the September sittings that will be debated this month.”
Selena Uibo ALP
“Madam Speaker, bringing on this ministerial report shows how thin the CLP government’s legislative agenda is. We will debate legislation that goes to the heart of what the Member for Nelson has brought before the House. This is a move of desperation to fill a two-hour gap because the government does not have legislation for us to debate ... Members interjecting.”
Andrew Mackay CLP
“Madam Speaker, l do not know what side of the bed the Leader of the Opposition woke up on this morning. Some days she says that the CLP government is rushing through too much legislation, then on days like today says that we are not doing enough legislation quickly enough. The Leader of the Opposition perhaps does not think our power grid is important, but I do.”
Bill Yan CLP
“Madam Speaker, I will speak on our electricity system and about a future that is not yet written but will be by the decisions we make. The Northern Territory’s electricity sector stands at a crossroads. If we fail to act, we face not only rising costs but the real risk of a system failure, prolonged blackouts, stranded infrastructure and deepening financial burdens for future generations.”
Chanston Paech ALP
“Madam Speaker, energy affects every Territorian, whether they live in Darwin, Palmerston, Katherine, Tennant Creek, Alice Springs, remote communities or homelands. I acknowledge that the electricity makeup in the Territory is different. Many of our homelands still operate on hybrid systems with solar power and diesel generation to help them continue to generate power.”
Steven Edgington CLP
“Madam Speaker, I support the Deputy Chief Minister’s report on the dire state of the Northern Territory electricity system.”
Clinton Howe CLP
“Madam Speaker, I commend the Deputy Chief Minister for bringing on this ministerial report. I want to impress upon this Assembly the importance of energy. At the core of most of the great issues we face is a question of power and generation of electricity. Unfortunately, in my electorate we have ageing infrastructure, fragile supply and rising costs across the grid.”
Laurie Zio CLP
“Madam Speaker, I speak on behalf of every Territorian who has been left behind by the chaos, mismanagement and delusion that defined the former Labor government’s energy policy. We all know the truth. Labor promised lower power prices, cleaner energy and reliable supply. Instead, it delivered blackouts, budget blowouts and prices that soar beyond the reach of working families and small businesses.”
Matthew Kerle CLP
“Madam Speaker, we are here to talk about the NT’s power system in preparation for the Bills tomorrow. In terms of the overall structure of the Territory, these Bills are some of the more substantive things we will do--after Declan’s law, crime reform and the Territory Coordinator--because of its long-term effect on the Territory. This is serious.”
Manuel Brown ALP
“Madam Speaker, Labor supports this Bill. This is measured and sensible legislation that strengthens oversight, transparency and accountability in an area that directly affects Territorians’ confidence in our building and construction system. The Fidelity Fund plays an important role in protecting homeowners, builders and the wider community.”