I propose to take Questions Nos. 47 and 63 together.
I am attaching a high priority to putting in place the necessary structures to deliver a resolution to the pyrite issue for home owners who have been waiting a considerable period of time for solutions. Following Government approval of the general scheme of a Pyrite Remediation Bill, work will be undertaken, as a matter of urgency, on developing the Bill and it is my intention that it will be published and enacted in the shortest possible timeframe.
The Pyrite Resolution Board is currently drawing up the precise scope and detail of a pyrite remediation scheme including the eligibility criteria, priorities, procedures and assessment/testing requirements etc. and is making good progress on those issues.
Discussions are also continuing with a number of financial institutions with a view to making a loan facility available to the not-for-profit entity being set up by the construction stakeholders to facilitate the early commencement of a remediation scheme.
The proposed scheme will provide for the remediation of private dwellings with significant pyritic damage and where the home owner has no other viable option than to have pyrite remediation works undertaken. It will not be a compensation scheme.