Change to NABERS Ratings - 1 July 2017
In the last week before the 1st July 2017 are you ready for the change in NABERS and the updates to the Commercial Building Disclosure Program that will be introduced. These changes will affect several property owners, managers and tenants across NSW.
What is the same?
- A BEEC must be provided to potential buyers or lessees upon request.
- NABERS Ratings for properties over a certain size must be included in all advertising material
What has changed?
- The mandatory threshold for commercial spacehas lowered from 2000sqm to 1000sqm.
- This includes either the whole property or combined vacant space
- A Building Energy Efficiency Certificate (BEEC) will be required for any space for sale, lease or sublease
- The BEEC will be valid for 12 months
- Once registered, the NABERS Rating will need to be displayed in a specific format across all advertising materials
What to do before the 1st July 2017?
If these changes apply to you, make sure to:
- Organise the documentation required (i.e. records dating back to at least July 2016)
- Obtain a BEEC before marketing commences, allow 2–3 months
- Check that all existing BEEC and NABERS ratings are up to date
- Use the specific format across all advertising materials
Failing to comply with or implement these regulations can result in hefty initial penalties up to $180,000 and further penalties for any subsequent days on the market