NSW Home Building Act 1989
Part 2: Contracting for and doing residential building work and specialist work – NSW Home Building Act 1989

NSW Home Building Act 1989 s8: s 8 Deposit capped at 10% of the contract price

The maximum deposit (a payment on account before work starts under a contract to do residential building work) is 10% of the contract price. A person must not demand or receive a deposit above that amount, or enter into a contract entitling them to one. The regulations may set how the contract price is worked out. Contracts between licence holders for work each is licensed for, and specialist work that is not residential building work, are excluded. Maximum penalty 1,000 penalty units for a corporation and 200 otherwise. Where Part 6 insurance is required, no deposit may be taken before the insurance certificate is given (s 92(2)).

Maintained by Gerard Blokdyk

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This control maps to 1 controls across 1 other frameworks. If you already hold one of them, the evidence you collected for it is the starting point here rather than new work.

  • sch1b-33 Sch 1B s 33 Deposit limits: 10%, 5% or 20% for mostly off-site work

Every mapping shown was judged rather than inferred from wording similarity, and the ones that failed review are published too. See the coverage reports and what was rejected.

Other controls in Part 2: Contracting for and doing residential building work and specialist work – NSW Home Building Act 1989

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