43Building contractor to give notice of practical completion

43 Building contractor to give notice of practical completion

(1)  A building contractor must, within 10 business days after the date of practical completion in relation to a residential building work contract, give a notice of practical completion to –

(a) the owner; and

(b) [Section 43 Subsection (1) amended by No. 12 of 2016, Sched. 3, Applied:01 Jan 2017] if the residential building work to which the contract relates was work in relation to which a certificate of likely compliance is required under the Building Act 2016 to be given to a person – the person to whom the certificate is required under that Act to be given.

Penalty:  In the case of –

(a) a body corporate, a fine not exceeding 300 penalty units; or

(b) an individual, a fine not exceeding 100 penalty units.

(2)  For the purposes of subsection (1) , a notice of practical completion is a notice, signed by the building contractor in relation to a residential building work contract, stating that the date of practical completion has occurred.