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Home Building Regulation 2014
5Thresholds for contract requirements
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5 Thresholds for contract requirements
5 Thresholds for contract requirements
(1) For the purposes of section 7 (1A) of the Act, the prescribed amount is—
(a) for contracts entered into before 1 March 2015—$5,000, and
(b) for contracts entered into on or after 1 March 2015—$20,000.
(2) For the purposes of section 7AAA of the Act, the prescribed amount is—
(a) for contracts entered into before 1 March 2015—$1,000, and
(b) for contracts entered into on or after 1 March 2015—$5,000.