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Strata Schemes Management Regulation 2016
54Amount of building bond
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54 Amount of building bond
54 Amount of building bond
For the Act, section 207(2) and (4), the prescribed percentage is as follows—
(a) for a building bond given before 1 July 2026—2%,
(b) for a building bond given on or after 1 July 2026—3%.
cl 54: Rep 2020 (323), Sch 1[17]. Ins 2023 No 44, Sch 3.2[1]. Am 2024 (9), Sch 1[2]; 2024 (215), Sch 2; 2024 (536), Sch 1; 2025 (276), Sch 3.