Podcasts Other The Mike Hosking Breakfast Chris Penk: Building and Construction Minister on small renovations becoming exempt from the building levy

Chris Penk: Building and Construction Minister on small renovations becoming exempt from the building levy

Published: March 11, 2024, 7:35 p.m.

Small renovations and minor building work are set to be cheaper.\xa0

From July 1, any building project worth under $65 thousand, including GST, will be exempt from the building levy.\xa0

Currently any project worth $20,444 and above is subject to the fee, which is paid at $1.75 per $1000 of work value.\xa0

Building and Construction Minister Chris Penk told Mike Hosking that the effects will be minimal, as the government has a levy which has built up over the years.\xa0

He says the change will reduce unnecessary red tape and means people will save up to $113 for small renovations.\xa0

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