54ATime within which building bond is payable

54A Time within which building bond is payable

54A Time within which building bond is payable

For the Act, section 209(3), an amount secured by a building bond must be claimed or realised under section 209 before the later of the following—

(a) 2 years after the date of completion of the building work for which the bond is given,

(b) 90 days after the final report on the building work is given to the Secretary by the building inspector.

cl 54A: Ins 2023 No 44, Sch 3.2[1].