sch.1B-sec.14Requirements for contract—level 2 regulated contract

### sch.1B-sec.14 Requirements for contract—level 2 regulated contract This section applies to a level 2 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, including all plans and specifications required for carrying out the work in compliance with any development approvals or similar authorisations that are required by law for carrying out the work; the contract price or the method for calculating it, including the building contractor’s reasonable estimate; a provision that states the date for the start of the subject work at the building site, or how the date is to be determined; a provision that states the date for practical completion or how the date is to be determined; a statement of each of the statutory warranties that apply to the subject work; a conspicuous notice advising the building owner of the right the owner may have to withdraw from the contract under schedule section 35 . If the contract price is fixed, it must be stated in a prominent position on the first page of the contract schedule. If the contract price is not fixed, the method for calculating it, including any allowances, must be stated in the contract schedule. If the contract price may be changed under a provision of the contract, the contract must also contain— a warning to that effect; and a brief explanation of the effect of the provision allowing change to the contract price. The warning and explanation mentioned in subsection (6) must be in a prominent position on the first page of the contract schedule. The contract must not state the name of any person— as the building contractor; or so it may reasonably be mistaken to be the building contractor; unless the person is the building contractor under the contract. a domestic building contract stating a company name as the building contractor if an individual is actually the building contractor under the contract 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 14 ins 2014 No. 57 s 60 amd 2025 No. 14 s 85V (sch.1B-sec.14-ssec.1) This section applies to a level 2 regulated contract. (sch.1B-sec.14-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.14-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, including all plans and specifications required for carrying out the work in compliance with any development approvals or similar authorisations that are required by law for carrying out the work; the contract price or the method for calculating it, including the building contractor’s reasonable estimate; a provision that states the date for the start of the subject work at the building site, or how the date is to be determined; a provision that states the date for practical completion or how the date is to be determined; a statement of each of the statutory warranties that apply to the subject work; 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.14-ssec.4) If the contract price is fixed, it must be stated in a prominent position on the first page of the contract schedule. (sch.1B-sec.14-ssec.5) If the contract price is not fixed, the method for calculating it, including any allowances, must be stated in the contract schedule. (sch.1B-sec.14-ssec.6) If the contract price may be changed under a provision of the contract, the contract must also contain— a warning to that effect; and a brief explanation of the effect of the provision allowing change to the contract price. (sch.1B-sec.14-ssec.7) The warning and explanation mentioned in subsection (6) must be in a prominent position on the first page of the contract schedule. (sch.1B-sec.14-ssec.8) The contract must not state the name of any person— as the building contractor; or so it may reasonably be mistaken to be the building contractor; unless the person is the building contractor under the contract. a domestic building contract stating a company name as the building contractor if an individual is actually the building contractor under the contract (sch.1B-sec.14-ssec.9) The contract must also comply with all other requirements prescribed by regulation. (sch.1B-sec.14-ssec.10) 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, including all plans and specifications required for carrying out the work in compliance with any development approvals or similar authorisations that are required by law for carrying out the 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 the start of the subject work at the building site, or how the date is to be determined; - (g) a provision that states the date for practical completion or how the date is to be determined; - (h) a statement of each of the statutory warranties that apply to the subject work; - (i) a conspicuous notice advising the building owner of the right the owner may have to withdraw from the contract under schedule section 35 . - (a) a warning to that effect; and - (b) a brief explanation of the effect of the provision allowing change to the contract price. - (a) as the building contractor; or - (b) so it may reasonably be mistaken to be the building contractor;