Posted: 12 June 2020
Reducing the levy rate will lower building consent costs by around $80 for the average new build, and by $5,200 for a $20 million commercial project.
This is good news for those looking to build or do other building work requiring a building consent.
The lower building levy rate will reduce the surplus that has accrued in the building levy account without affecting the level of service MBIE provides to levy payers. In addition, Building Act changes currently in front of Parliament will enable MBIE’s Chief Executive to spend levy funds on a broader range of activity to monitor, oversee and improve the performance of the building sector.