Changes to the CBD Scheme
Where Section J affects new building stock, the Federal Government introduced the Commercial Building Disclosure Scheme (CBD Scheme) to activate market forces to prompt the improvement in energy efficiency in existing buildings. More background on the scheme can be found in an earlier post. Commercial Building Disclosure Scheme and later Commercial Building Disclosure CBD.
The scheme came into effect in 2010 and affected commercial buildings over 2000sqm in area. Recently, a significant change to the scheme has been announced and the details are as follows:-
From 1st July 2017, the mandatory disclosure threshold on commercial office space will be lowered from 2000 square metres to 1000 square metres. The effect of this change is that owners and lessors of smaller commercial office buildings may need to disclose the building’s energy efficiency when they sell or lease their property after this date.
Refer to the full announcement here Changes to the Commercial Building Disclosure Program
Dropping the threshold from 2000sqm to 1000sqm will affect many more buildings.
If you are the owner or manager of a commercial building you may be affected by this change! Contact Application Solutions if you need assistance complying with the new requirements.