40Determination of cost of erecting building for purposes of this Part

#### 40 Determination of cost of erecting building for purposes of this Part 40 Determination of cost of erecting building for purposes of this Part > > (1) For the purposes of this Part, the cost of erecting a building is— > > > > > (a) the cost as determined by— > > > > > > > (i) the consent authority granting the development consent referred to in section 37 (1) (a) (if a construction certificate is not required to be obtained), or > > > > > > > (ii) the certifying authority issuing the construction certificate referred to in section 37 (1) (a) (if a construction certificate is required to be obtained), or > > > > > > > (iii) the certifying authority issuing the complying development certificate referred to in section 37 (1) (a) (if a complying development certificate is issued), or > > > > > (b) where no such determination is made—the contract price or, if there is no contract price, the cost as determined by the Corporation. > > > (2) Notwithstanding subsection (1), if the Corporation is satisfied that the determination of a consent authority or certifying authority of the cost of erecting a building, or the contract price for erecting a building, is not a genuine and accurate estimate of the cost of erecting the building, that cost may be determined by the Corporation. > > **s 40:** Am 1998 No 33, Sch 3 \[4\]; 2001 No 112, Sch 1.3 \[3\] \[4\].