The NSW Liberal and Nationals Government will immediately establish an expert panel to identify a solution for the owners of Mascot Towers.
Minister for Fair Trading Victor Dominello said the panel would be led by the NSW Building Commissioner David Chandler OAM.
"I have met with the Mascot Towers owners twice in the last two weeks and I believe that, through the establishment of this expert panel, we now have a clear pathway forward for the residents," Mr Dominello said.
"I have asked the Building Commissioner David Chandler to set up a team of industry experts to not only examine the feasibility of remediating the building but also report back on all other options available to the resolve this matter.
"Mr Chandler's report is a crucial first step in finding a solution for the long suffering-owners of Mascot Towers. Without this, owners would remain in limbo with no clear path forward on a course of action."
Mr Dominello said owners would continue to receive rental assistance until a solution had been reached.
Mr Chandler's reputations speak for itself; he is respected across the industry and his report will provide the evidence base for the owners, the Government and other interest parties to make an informed decision about the future of the building.
"His panel will report back on the viability and potential cost of remediation and provide the associated legal and commercial advice.
"Mr Chandler has assured me he can report back to Government in two months' time.
The NSW Government has provided over $16 million in rental assistance to the residents and that support is ongoing
