Cladding Safety Victoria 2025-26 annual report
Summary
The report's own summary: Chief Executive Officer’s statement, pages 6 to 7
Generated summary: written by an AI model from the report text and checked against the cited pages.
Cladding Safety Victoria reported for 2025-26 on its work to reduce combustible cladding risks in Victorian buildings.
Cladding Safety Victoria reported supporting 1,661 residential apartment buildings and rectifying 131 public-use buildings over the program.
Cladding Safety Victoria reported that cladding removal from the final three Class 2 buildings was expected in the coming months.
Cladding Safety Victoria reported a $66.87 million deficit from transactions, mainly reflecting the end of its levy and planned use of accumulated funds.
Cladding Safety Victoria reported that it would close as a standalone agency and transfer remaining responsibilities to the Building and Plumbing Commission from 1 July 2026.
In the body's own words
- Finding
In total, 1,661 Class 2 residential apartment buildings have been supported by CSV.
Finances 4
Total revenue and income from transactions
$2,909 thousand
Printed as
Total revenue and income from transactions 2,909 67,697
Total expenses from transactions
$(69,776) thousand
Printed as
Total expenses from transactions (69,776) (84,896)
Employee costs
$(12,413) thousand
Printed as
Employee costs 3.1 (12,413) (13,765)
Net result from transactions (Net operating balance)
$(66,867) thousand
Printed as
Net result from transactions (Net operating balance) (66,867) (17,199)
Staff 2
Total employees
53 people
Printed as
Total employees 53 51.5 46 2 47.3 5 4.2
Total employees
51.5 FTE
Printed as
Total employees 53 51.5 46 2 47.3 5 4.2
Executives and remuneration 3
Remuneration received or receivable by the Accountable Officer
$1,020,000–$1,029,999
Printed as
Remuneration received or receivable by the Accountable Officer in connection with the management of CSV during the reporting period was in the range of $1,020,000–$1,029,999.
Total number of executives
6
Printed as
Total number of executives 6 6
Total remuneration(a)
$2,849 thousand
Printed as
Total remuneration(a) 2,849 1,880
Consultancies 6
Details of consultancies (valued at $10,000 or greater)
$754,000
Printed as
The total expenditure incurred during 2025–26 in relation to these consultancies was $754,000 (excluding GST).
Scyne Advisory
$149 thousand
Printed as
Scyne Advisory Internal audit services 432 149 N/A
CSIRO
$83 thousand
Printed as
CSIRO Statistical and data analytics services 125 83 N/A
RMIT University
$354 thousand
Printed as
RMIT University Independent research and analytics services 1,390 354 270
Weir Legal and Consulting Pty Ltd
$69 thousand
Printed as
Weir Legal and Consulting Pty Ltd Independent review of fire safety engineering services in relation to combustible cladding 69 69 N/A
KPMG
$99 thousand
Printed as
KPMG Independent assessment of benefits realised by the CRP 119 99 N/A
About the document
- Edition
- Current edition
- Reading status
- Read by OPAX
- Pages
- 90
- Figures not found in the report
- Executive average remuneration; Executive band; Named remuneration