What if there is more than one contract for the building and construction works?

If work is carried out under a contract or series of contracts, then the levy is paid on the total contract value as long as it includes:

  • Labour, services, fees (including professional fees)
  • Building or construction materials
  • Fixtures, fittings including plant and equipment (there are exclusions for some types of plant and equipment, please contact us for clarification)
  • A reasonable allocation of profit margin
  • The value of any overheads
  • Any other component prescribed by regulations (GST)

If the work is not carried out under a contract, then a reasonable market value for all the items listed above. See Schedule 1 for further details.

Details