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ARTICLE · 08 JULY 2015

Significant amendments and changes in the Building Energy Efficiency Disclosure Amendment Act 2015

The BEED Amendment Act 2015 (Cth) is expected to bring about savings by reducing the regulatory burden on businesses.

AustraliaReal Estate and Construction
Henry Yuan
Henry Yuan

In brief - What is the purpose of the Building Energy Efficiency Disclosure Amendment Act?

The Building Energy Efficiency Disclosure Amendment Act 2015 (Cth) ("BEED Amending Act") commences on 1 July 2015. It is expected to bring about savings by reducing the regulatory burden on businesses.

What is the original legislation?

The Building Energy Efficiency Disclosure Act 2010 (Cth) ("BEED Act") forms a national scheme to disclose energy efficiency information in the form of a Building Energy Efficiency Certificate (BEEC), when a commercial office space of 2,000 square metres or more is offered for sale or lease. The BEEC is to be advertised or provided to prospective buyers or tenants prior to any offers of sale or lease being made.

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