sec.73Meaning of cost of building and construction work

sec.73 Meaning of cost of building and construction work

The cost of building and construction work is the total of all costs (excluding GST) that relate to the work directly or indirectly, less any exempt costs. costs of labour, materials, plant, equipment, design, project management, consultancy, prefabricated goods, commissioning, installation Without limiting subsection (1) , the total of all costs— includes the direct and indirect cost of all materials— manufactured, purchased, acquired or otherwise sourced interstate or overseas; and used for the work in Queensland; and may be ascertained having regard to— the contract price for the work; or if the work is being done for someone other than the Commonwealth and involves more than 1 contract, the total of the contract prices. Despite subsections (1) and (2) , if there is no contract price or the authority is satisfied that the contract price, or the total of the contract prices, for carrying out the building and construction work does not accurately establish the total of all costs that relate to the work, the cost may be decided by the authority. In this section— environmental impact statement means an environmental impact statement under— the Environmental Protection Act 1994 ; or the Environment Protection and Biodiversity Conservation Act 1999 (Cwlth) ; or the repealed Sustainable Planning Act 2009 ; or the State Development and Public Works Organisation Act 1971 . exempt costs , for building and construction work, means costs (excluding GST) that relate directly or indirectly to the preparation of the following for the work— an environmental impact statement; a feasibility study. feasibility study , for building and construction work, means— any assessment, conducted before a decision is made to fund the work, of the likelihood that the work can be successfully completed; or whether the work complies with any applicable law whether the work is technically and commercially feasible another assessment conducted in relation to the work, of a similar nature to an assessment mentioned in paragraph (a) , declared by the authority to be a feasibility study for the work for the purposes of this section. s 73 sub 1993 No. 66 s 6 ; 1994 No. 65 s 22 ; 2000 No. 61 s 53 amd 2014 No. 30 s 7 ; 2016 No. 27 s 116 (sec.73-ssec.1) The cost of building and construction work is the total of all costs (excluding GST) that relate to the work directly or indirectly, less any exempt costs. costs of labour, materials, plant, equipment, design, project management, consultancy, prefabricated goods, commissioning, installation (sec.73-ssec.2) Without limiting subsection (1) , the total of all costs— includes the direct and indirect cost of all materials— manufactured, purchased, acquired or otherwise sourced interstate or overseas; and used for the work in Queensland; and may be ascertained having regard to— the contract price for the work; or if the work is being done for someone other than the Commonwealth and involves more than 1 contract, the total of the contract prices. (sec.73-ssec.3) Despite subsections (1) and (2) , if there is no contract price or the authority is satisfied that the contract price, or the total of the contract prices, for carrying out the building and construction work does not accurately establish the total of all costs that relate to the work, the cost may be decided by the authority. (sec.73-ssec.4) In this section— environmental impact statement means an environmental impact statement under— the Environmental Protection Act 1994 ; or the Environment Protection and Biodiversity Conservation Act 1999 (Cwlth) ; or the repealed Sustainable Planning Act 2009 ; or the State Development and Public Works Organisation Act 1971 . exempt costs , for building and construction work, means costs (excluding GST) that relate directly or indirectly to the preparation of the following for the work— an environmental impact statement; a feasibility study. feasibility study , for building and construction work, means— any assessment, conducted before a decision is made to fund the work, of the likelihood that the work can be successfully completed; or whether the work complies with any applicable law whether the work is technically and commercially feasible another assessment conducted in relation to the work, of a similar nature to an assessment mentioned in paragraph (a) , declared by the authority to be a feasibility study for the work for the purposes of this section.