I propose to take Questions Nos. 517 to 521, inclusive, 523, 524, and 539 to 541, inclusive, together.
I have recently received Government approval for the imposition of a levy on both the quarrying and insurance sectors, as recommended by the independent Pyrite Panel, in order to provide the funding necessary for the remediation of pyrite damaged dwellings where no other forms of redress are available to the homeowner. The imposition of the levies will require primary legislation and I am committed to having the legislation published and enacted in the shortest timeframe possible.
The Government also approved the establishment of a Resolution Board which will have full oversight of the operation of the remediation scheme to ensure that the public interest, and the particular interest of the affected homeowners, is well served. The Resolution Board, which I am currently establishing, will, in conjunction with my Department, draw up the terms and conditions for the proposed remediation scheme. The terms of the scheme will set out the relevant eligibility criteria for affected homeowners.
It is envisaged that the Resolution Board will comprise a small number of persons with the range of technical skills necessary to oversee the successful operation of the remediation scheme. Given the focussed nature of its particular role, there are no proposals to include a representative from Home bond or the Pyrite Action Group on the Board. I have, however, recently appointed a Chairman who, with me, is keen for the Board to commence its work as soon as possible.