Iplex pipe failure agreement deal finalised, extends complaints period to 15 years

Fletcher Building said the Western Australia Government, the New Zealand company’s subsidiary Iplex Pipelines Australia, and other stakeholders had finalised an agreement in response to pipe failures after terms were agreed to in August . In a statement to the NZX, Fletcher indicated this afternoon that the deal agreed to three months ago had now been sealed. A Fletcher spokesman said terms had remained “materially the same as what was announced [on August 30] so no changes”.

Fletcher’s statement also stressed that nothing had changed including the 15-year complaints time frame which had been agreed to previously. “The WA Government has extended the allowable period for those complaints to be lodged from six years to 15 years and is encouraging homeowners to do so,” today’s Fletcher statement said..