On 13 July, we published the draft of a contract with developers. The contract turns the commitments made in the pledge into a legally binding agreement.
Publication marks the start of a four-week period of engagement, during which we will refine and fine-tune the contract. We plan to have the terms of the contract finalised by 10 August. We expect developers to have signed a contract giving effect to the commitments they have made in the pledge by the end of September.
We expect developers to make sure that remediation is completed without delay. Under the terms of the draft contract published on 13 July, developers will be required to set and report to my department on the progress of remediation works. My department will hold developers to account if they are not making progress as quickly as reasonably possible.