The Tax Breaks for Green Buildings Programme was announced as
part of the 2010 Federal Government election commitment.
The Department of Climate Change and Energy Efficiency released
the Tax Breaks for Green Building Policy Consultation Paper on 20
January 2011 and is seeking comment and submissions from the real
estate sector by 18 February 2011.
The Tax Breaks Programme which is expected to commence on 1 July
2011 and to run for a period of 3 years is designed to provide a
bonus tax deduction of up to 50 per cent of the cost of eligible
assets or capital works as an incentive to invest in works which
will improve the energy efficiency of existing buildings from a 2
star NABERS (National Australian Built Environment Rating System)
Energy rating or lower to a 4 star NABERS Energy rating or
higher.
