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.
Property lawyers Kay Keam and Lesley Thomson and litigator Sarah
Wroe have prepared a summary of these
changes.
Contacts
Kay Keam
Sarah
Wroe
Lesley
Thomson
Associated blog
"Summer building project? Don't get caught by the new
building regulations" by Sarah Wroe. This blog highlights
issues for building contractors and "DIY" builders.