sch.1B-sec.5Meaning of regulated contract

### sch.1B-sec.5 Meaning of regulated contract Each of the following is a regulated contract — a domestic building contract for which the contract price is more than the regulated amount; a cost plus contract under which the total amount payable for the contracted services is reasonably estimated to be more than the regulated amount; a mixed-purpose contract under which the amount referable to the contracted services is more than the regulated amount. However, a contract mentioned in subsection (1) (c) is a regulated contract only to the extent to which the contract relates to the contracted services. In this section— additional services means 1 or more of the following— carrying out work that is not domestic building work; managing the carrying out of work that is not domestic building work; another matter. amount referable to contracted services , for a mixed-purpose contract, means— the amount the building contractor is entitled to receive under the contract for the contracted services; or a reasonable estimate of the amount the building contractor is entitled to receive under the contract based on a fair and reasonable apportionment between the contracted services and the additional services. sch 1B s 5 ins 2014 No. 57 s 60 (sch.1B-sec.5-ssec.1) Each of the following is a regulated contract — a domestic building contract for which the contract price is more than the regulated amount; a cost plus contract under which the total amount payable for the contracted services is reasonably estimated to be more than the regulated amount; a mixed-purpose contract under which the amount referable to the contracted services is more than the regulated amount. (sch.1B-sec.5-ssec.2) However, a contract mentioned in subsection (1) (c) is a regulated contract only to the extent to which the contract relates to the contracted services. (sch.1B-sec.5-ssec.3) In this section— additional services means 1 or more of the following— carrying out work that is not domestic building work; managing the carrying out of work that is not domestic building work; another matter. amount referable to contracted services , for a mixed-purpose contract, means— the amount the building contractor is entitled to receive under the contract for the contracted services; or a reasonable estimate of the amount the building contractor is entitled to receive under the contract based on a fair and reasonable apportionment between the contracted services and the additional services. - (a) a domestic building contract for which the contract price is more than the regulated amount; - (b) a cost plus contract under which the total amount payable for the contracted services is reasonably estimated to be more than the regulated amount; - (c) a mixed-purpose contract under which the amount referable to the contracted services is more than the regulated amount. - (a) carrying out work that is not domestic building work; - (b) managing the carrying out of work that is not domestic building work; - (c) another matter. - (a) the amount the building contractor is entitled to receive under the contract for the contracted services; or - (b) a reasonable estimate of the amount the building contractor is entitled to receive under the contract based on a fair and reasonable apportionment between the contracted services and the additional services.