On 21 June 2016, The Minister for Resources, Energy and Northern Australia, the Hon. Josh Frydenberg, announced the move to lower the mandatory disclosure threshold on commercial office buildings from 2000 square metres to 1000 square metres. View the media release for more information.
If you own or manage an office building you may be affected by changes to the Commercial Building Disclosure (CBD) Program coming into force from 1 July 2017.
From 1 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.
For an overview of the changes to the CBD Program and what it entails, you can download the CBD Changes presentation here. Information on the CBD Program changes can be found here.