Commercial Building Disclosure (CBD)
This is a national program designed to improve the energy efficiency of Australia’s large office buildings.
From 1 November 2010 mandatory disclosure obligations became applicable to many commercial buildings. Anyone selling or leasing office space of 2,000 m2 or more are required to obtain and disclose an up-to-date energy efficiency rating. (Some exceptions and exemptions apply)
The first year of the scheme had a number of transitional arrangements.
Now, from 1 November 2011, a full Building Energy Efficiency Certificate (BEEC) will need to be disclosed. BEECs are valid for 12 months, must be publicly accessible on the online Building Energy Efficiency Register, and include:
- a NABERS Energy star rating for the building
- an assessment of tenancy lighting in the area of the building that is being sold or leased and
- general energy efficiency guidance
The NABERS Energy star rating (exclusive of GreenPower) must also be included in any advertisement for the sale, lease or sublease of the office space.
First featured in our newsletter Spring 2011