sch.1B-sec.7Meaning of level 2 regulated contract

### sch.1B-sec.7 Meaning of level 2 regulated contract A level 2 regulated contract is— a domestic building contract for which the contract price is equal to or more 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 equal to or more than the level 2 amount; or a mixed-purpose contract for which the amount referable to the contracted services is equal to or more than the level 2 amount. In this section— level 2 amount means the amount prescribed by regulation. sch 1B s 7 ins 2014 No. 57 s 60 (sch.1B-sec.7-ssec.1) A level 2 regulated contract is— a domestic building contract for which the contract price is equal to or more 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 equal to or more than the level 2 amount; or a mixed-purpose contract for which the amount referable to the contracted services is equal to or more than the level 2 amount. (sch.1B-sec.7-ssec.2) In this section— level 2 amount means the amount prescribed by regulation. - (a) a domestic building contract for which the contract price is equal to or more 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 equal to or more than the level 2 amount; or - (c) a mixed-purpose contract for which the amount referable to the contracted services is equal to or more than the level 2 amount.