sch.1B-sec.6Meaning of level 1 regulated contract

### sch.1B-sec.6 Meaning of level 1 regulated contract A level 1 regulated contract is— a domestic building contract for which the contract price is more than the regulated amount but less than the level 2 amount; or a cost plus contract for which the total amount payable for the contracted services is reasonably estimated to be more than the regulated amount but less than the level 2 amount; or a mixed-purpose contract for which the amount referable to the contracted services is more than the regulated amount but less than the level 2 amount. In this section— level 2 amount means the amount prescribed under schedule section 7 (2) . sch 1B s 6 ins 2014 No. 57 s 60 (sch.1B-sec.6-ssec.1) A level 1 regulated contract is— a domestic building contract for which the contract price is more than the regulated amount but less than the level 2 amount; or a cost plus contract for which the total amount payable for the contracted services is reasonably estimated to be more than the regulated amount but less than the level 2 amount; or a mixed-purpose contract for which the amount referable to the contracted services is more than the regulated amount but less than the level 2 amount. (sch.1B-sec.6-ssec.2) In this section— level 2 amount means the amount prescribed under schedule section 7 (2) . - (a) a domestic building contract for which the contract price is more than the regulated amount but less than the level 2 amount; or - (b) a cost plus contract for which the total amount payable for the contracted services is reasonably estimated to be more than the regulated amount but less than the level 2 amount; or - (c) a mixed-purpose contract for which the amount referable to the contracted services is more than the regulated amount but less than the level 2 amount.