What are the penalties for late or missing project lodgements?

Various penalties 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