By Kay Keam - 26 Feb 2015
Significant changes to the Building Act 2004 and new regulations
came into effect on 1 January 2015. The legislation contains
far-reaching changes for residential building contracts and some
contracts of sale of residential properties by developers and
investors.
Some of the changes specifically relate to residential building
contracts for building work valued over $30,000. The Act
requires that these contracts must be in writing, disclosure made
and a written checklist provided. Fines may be imposed if
requirements aren't met.
Provisions may also apply to agreements for the sale and
purchase of newly built or renovated houses.
Our property lawyers have prepared a summary of these
changes.
Contact
Elise
Markwick
Associated blog
"Summer building project? Don't get caught by the new
building regulations". This blog highlights issues for
building contractors and "DIY" builders.