sch.1B-sec.2Meaning of contract price

### sch.1B-sec.2 Meaning of contract price Contract price , for a domestic building contract, means the total amount payable under the contract to carry out domestic building work and includes— an amount the building contractor is entitled to receive and keep under the contract; and an amount the building contractor is entitled to receive under the contract for payment to another person. However, the contract price does not include an amount a person, other than the building contractor, is entitled to receive directly from the building owner for any of the following matters if the matter for which it is payable relates to the carrying out of the subject work— conveying services to the building site; connecting or installing services for use at the building site; gas, electricity, telephone, water and sewerage issuing a development approval or similar authorisation. sch 1B s 2 ins 2014 No. 57 s 60 (sch.1B-sec.2-ssec.1) Contract price , for a domestic building contract, means the total amount payable under the contract to carry out domestic building work and includes— an amount the building contractor is entitled to receive and keep under the contract; and an amount the building contractor is entitled to receive under the contract for payment to another person. (sch.1B-sec.2-ssec.2) However, the contract price does not include an amount a person, other than the building contractor, is entitled to receive directly from the building owner for any of the following matters if the matter for which it is payable relates to the carrying out of the subject work— conveying services to the building site; connecting or installing services for use at the building site; gas, electricity, telephone, water and sewerage issuing a development approval or similar authorisation. - (a) an amount the building contractor is entitled to receive and keep under the contract; and - (b) an amount the building contractor is entitled to receive under the contract for payment to another person. - (a) conveying services to the building site; - (b) connecting or installing services for use at the building site; Examples of services— gas, electricity, telephone, water and sewerage - (c) issuing a development approval or similar authorisation.