Part 8 – Amendments of Part 5 of the Building Safety Act 2022 Section 118: Repeal of Section 125 of the Building Safety Act 2022
Section 118 repeals Section 125 of the 2022 Act. Section 125 of the 2022 Act contained provisions which allowed Insolvency Practitioners to apply to the First Tier Tribunal to recover building safety costs. This was intended to allow for the recovery of remediation costs in an insolvency. However, Section 125 created an unintended risk that any sums recovered under it could be re-directed to creditors in the first instance rather than being used for remediation as intended. We have therefore removed Section 125.