09 August 2017

Change to mandatory disclosure on commercial office buildings

Starting from 1 July 2017, it is mandatory for an owner, landlord or agent of commercial buildings or tenancies to produce and register a Building Energy Efficiency Certificate with the Building Energy Efficiency Register before they offer to sell, lease or sublease a commercial building that exceeds 1000 square metres.

A fine of up to $210,000.00 followed by $21,000.00 for each subsequent day of non-compliance may be imposed if this mandatory disclosure is not adhered to.

More information is available on the Australian Government website.

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