Part 5: Other provisions about safety standards, etc. Construction products Section 150: Liability relating to construction products: limitation in England and Wales Effect
Section 150 provides for the limitation periods in England and Wales for the causes of action created by sections 148 and 149.
	Section 150 inserts new section 10B into the Limitation Act 1980, creating limitation periods for actions under sections 148 and 149 of this Act.
	Subsection (1) of new section 10B sets out that the limitation period under section 148 is 15 years from the date on which the right of action accrued. Subsections (3) and (8) of section 148 sets out when the right of action begins to accrue. Section 148 applies prospectively only, meaning that it only applies to work completed after commencement of this section, which is two months after Royal Assent of this Act (section 170(3)(e) of this Act).
	Subsection (2) of new section 10B sets out the limitation periods under section 149. Section 149 applies to past defaults relating to cladding products (to which see section 149(2)). Where the work was completed before the commencement of this section, the limitation period is 30 years from the date of completion of the work. Where the work is completed after commencement of this section, the limitation period is 15 years.
	Subsection (3) of new section 10B provides that in respect of an historical claim under section 149, if the limitation period would expire within the year starting with the commencement date, it will be extended until the expiry of that year, in order to give potential claimants the necessary time to take advice and lodge a claim.
	Subsection (4) of new section 10B defines "the commencement date" for the purposes of this section.
	Subsections (5) and (6) of new section 10B disapply other limitation periods prescribed by the Limitation Act 1980 in relation to the new causes of action, and lists some exceptions.
	Section 150 extends and applies to England and Wales.