sch.1B-sec.13Requirements for contract—level 1 regulated contract

### sch.1B-sec.13 Requirements for contract—level 1 regulated contract This section applies to a level 1 regulated contract. The contract must be in writing and dated and signed by or on behalf of each of the parties to it. The contract must contain all of the following— the names of the parties to it, including the name of the building contractor as it appears on the contractor’s licence; the building contractor’s licence number as it appears on the building contractor’s licence; a description of the subject work; any plans and specifications for the subject work; the contract price or the method for calculating it, including the building contractor’s reasonable estimate; a provision that states the date for practical completion or how the date is to be determined; a conspicuous notice advising the building owner of the right the owner may have to withdraw from the contract under schedule section 35 . The contract must also comply with all other requirements prescribed by regulation. The contract has effect only if it complies with subsection (2) . sch 1B s 13 ins 2014 No. 57 s 60 amd 2025 No. 14 s 85U (sch.1B-sec.13-ssec.1) This section applies to a level 1 regulated contract. (sch.1B-sec.13-ssec.2) The contract must be in writing and dated and signed by or on behalf of each of the parties to it. (sch.1B-sec.13-ssec.3) The contract must contain all of the following— the names of the parties to it, including the name of the building contractor as it appears on the contractor’s licence; the building contractor’s licence number as it appears on the building contractor’s licence; a description of the subject work; any plans and specifications for the subject work; the contract price or the method for calculating it, including the building contractor’s reasonable estimate; a provision that states the date for practical completion or how the date is to be determined; a conspicuous notice advising the building owner of the right the owner may have to withdraw from the contract under schedule section 35 . (sch.1B-sec.13-ssec.4) The contract must also comply with all other requirements prescribed by regulation. (sch.1B-sec.13-ssec.5) The contract has effect only if it complies with subsection (2) . - (a) the names of the parties to it, including the name of the building contractor as it appears on the contractor’s licence; - (b) the building contractor’s licence number as it appears on the building contractor’s licence; - (c) a description of the subject work; - (d) any plans and specifications for the subject work; - (e) the contract price or the method for calculating it, including the building contractor’s reasonable estimate; - (f) a provision that states the date for practical completion or how the date is to be determined; - (g) a conspicuous notice advising the building owner of the right the owner may have to withdraw from the contract under schedule section 35 .