BUILDING REGULATIONS 2012 - SCHEDULE 1
BUILDING REGULATIONS 2012 - SCHEDULE 1
[r. 3]
In this Schedule
—
GST has the meaning given in the
A New Tax System (Goods and Services Tax) Act 1999 (Commonwealth);
relevant components means —
(a) all
goods (including manufactured goods forming part of the work); and
(b)
labour; and
(c)
services necessary; and
(d) fees
payable; and
(e)
overheads to be met; and
(f)
profit margin.
2 . Estimated value of building work
(1) For the purposes
of estimating the value of building work —
(a)
where the work is to be carried out under a contract and the contract price
includes value for at least each of the relevant components — the
estimated value of the work is the contract price (including the GST); and
(b)
where the work is to be carried out —
(i)
other than under a contract; or
(ii)
under a contract the contract price for which does not
include value for each of the relevant components,
the estimated value of
the work is the sum of the value (including the GST) of the relevant
components.
(2) If building work
includes building work in respect of which a building permit is in effect, the
estimated value of the building work is reduced by the estimated value of the
building work to which the building permit applies.
3 . Estimated value of unauthorised building work
The estimated value of
unauthorised building work is the sum of the estimated current value
(including GST) of the relevant components.