How is the levy calculated?
The levy is applied at 0.25% of the estimated project value.
- For projects with a date of Development Approval (DA) or commencement of construction before 1 January 2025
The levy is calculated on the estimated project value of building or construction works greater than $40,000 (inc. GST). - For projects with a date of Development Approval (DA) or commencement of construction after 1 January 2025
The levy is calculated on the estimated project value of building or construction works greater than $100,000 (excl. GST).
In any other case (i.e. there’s no construction contract or you are completing the works yourself) an estimate of the reasonable market price for the work is levied at 0.25%.