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NSW Bill Ensures Higher Building Standards

Missing Mexican Lawmaker’s Body Found Following Abduction

MEXICO CITY—The body of a missing Mexican congresswoman from the western state of Colima has been found in a hidden grave more than a month after armed men abducted her, President Andrés Manuel López Obrador said on June 3. López Obrador expressed his condolences to the family of Anel Bueno, a 38-year-old legislator from his Morena party. Armed men took Bueno on April 29 while she was promoting health measures to prevent the spread of the CCP (Chinese Communist Party) virus in Ixtlahuacán, Colima. During a morning news conference in Campeche, along Mexico’s Gulf coast, the president said her body had been found Tuesday and that one suspect was in custody. The Colima state prosecutor’s office had not yet commented on the discovery of her body. “We still don’t know…

NSW Bill Ensures Higher Building Standards

The NSW parliament has passed the Residential Apartment Buildings Bill 2020 to ensure buildings are constructed to a high standard across the state.

Heavy fines could be handed down for the sale or construction of defective buildings as part of the NSW Building Commissioner’s boosted powers. 

NSW Better Regulation Minister Kevin Anderson says the Residential Apartment Buildings Bill 2020 passed in parliament on Thursday will arm the Building Commissioner with a suite of powers to ensure buildings are constructed to a high standard.

“The Building Commissioner is now equipped with the power to prevent occupation certificates or strata plan registrations before defective buildings can enter the market,” Anderson said in a statement on Thursday. 

“This means we now have a clear pathway to lift the standards of construction and prevent consumers from purchasing a property riddled with problems down the track.”

The bill comes shortly after the Design and Building Practitioners Bill 2019, which passed through the NSW parliament on Wednesday. 

The two bills provide the legislation needed to support the government’s six-pillar building reform package.

“The government is committed to rebuilding and restoring public confidence in the construction industry, and together these two bills lay the foundations for the biggest shake-up of the building sector NSW has ever seen,” Anderson added. 

The powers apply both to the construction of new buildings and existing buildings built in the past 10 years.

The powers outlined in the Residential Apartment Buildings Bill are expected to come into effect on September 1.

Focus News: NSW Bill Ensures Higher Building Standards

Bank of Canada Keeps Key Rate Target On Hold, Expects Return to Growth in Q3

OTTAWA鈥擳he economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound. The bank left its target for the overnight rate unchanged at 0.25 percent, which it has said is as low as it will go. The bank also tinkered with some programs designed to ease the flow of credit, pointing to improving indicators in the market and the economy overall. Overall, the central bank said Wednesday it believes the impact of the pandemic on the global economy has peaked, but hedged the outlook by warning of a high level of uncertainty about how the recovery will unfold. Since the pandemic struck Canada and public health restrictions put a freeze…