New South Wales Consolidated Regulations New South Wales Consolidated RegulationsSection 7BA (Cooling-off period: person may rescind a contract for residential building work within 5 days without penalty) of the Act does not apply to the following classes of contract:
(a) a contract referred to in clause 15 (a) or (b) or clause 16 (b) or (c),
(b) a contract for residential building work that is supplied and fully prepared by or on behalf of the person who contracts with the holder of the contractor licence and no part of which is supplied or prepared by or on behalf of the holder of the contractor licence,
(c) a contract for residential building work for a contract price not exceeding $12,000 (inclusive of GST) or, if the contract price is not known, for the provision of labour and materials by the contractor the reasonable market cost of which does not exceed $12,000 (inclusive of GST).
Note: The exemption under paragraph (b) does not apply to a contract supplied and prepared by the person who contracts with the holder of a contractor licence if any terms or conditions are added to the contract by the holder of the contractor licence or his or her representative.