What are the penalties for late or missing project lodgements?

Various penalties may apply for not complying with the CITF Act (see Part 4 – Levies in the CITF Act 1993).

Some key penalties include:

Failure to pay the levy
Failure to lodge a levy project and pay the levy before obtaining building approval—or, if no building approval is required, before commencing building or construction work.
Maximum penalty: $5,000 plus twice the amount of levy required to be paid

Late payment of the levy
Failure to pay the levy within 14 days from date of Levy Notice.
Penalty: The amount in arrears will accrue penalty interest until paid.

Failure to finalise levy project with CITB
If the final project value exceeds the estimated value by $50,000 or more and the project owner fails to notify CITB within three months of project completion.
Maximum penalty: $5,000

Providing false information
Maximum penalty: $10,000 plus twice the amount of levy required to be paid in respect of that work