The Mandatory Building Efficiency Disclosure Scheme - Update February 2010
The Building Energy Efficiency Disclosure Act 2010 (Act) provides for the establishment of a national mandatory disclosure scheme (Scheme) for owners and tenants of certain commercial office buildings in relation to the energy efficiency of those buildings. A new Ministerial Determination was issued on 26 November 2010, which clarifies the application of the Scheme, particularly, in relation to mixed use buildings.
In addition to explaining the implications of the new Ministerial Determination, this Update:
- describes the legal architecture of the Scheme;
- explains the main obligations;
- discusses rating systems that are recognised under the Scheme;
- identifies the buildings covered under the Scheme and those that are exempt;
- discusses the transactions and entities the Scheme applies to;
- describes the consequences of non-compliance with the Scheme's obligations;
- discusses the main implications of the Scheme for the range of affected entities.
To view the full update please download the PDF