1.  How does the scheme work? The Fidelity Fund was set up as one part of a major package of reforms for the residential building sector introduced by the Northern Territory Government at the beginning of 2013 to protect consumers. Under the scheme, builders apply for an annual level of cover.  Their portfolio is then monitored and builders may be asked at any time to produce their financials. Builders, on behalf of their clients, also have to obtain a certificate of cover for every new house, units up to three storeys or extension.  This cost is passed to the consumer, who is issued … Continue reading FAQ