NSWIn ForceRegulation
Building and Construction Industry Long Service Payments Regulation 2022
14Prescribed rates for long service levy—the Act, s 35
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#### 14 Prescribed rates for long service levy—the Act, s 35
14 Prescribed rates for long service levy—the Act, s 35
> For the Act, section 35, the prescribed rate for a long service levy payable for a building is—
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> > (a) until 31 December 2022—0.35% of the cost of erecting the building, or
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> > (b) from 1 January 2023—0.25% of the cost of erecting the building.
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> Note—
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> The prescribed rate for an additional amount of the long service levy under the Act, section 41(3), is also calculated at this rate.