Any person who is undertaking eligible construction work in the Territory must notify NT Build of the work prior to commencement.
A levy, calculated as a percentage of the cost of the construction work, is payable on all eligible construction projects of at least;
??? $1 million or more in value for projects that started on or after 7 April 2014, or
??? $200,000 or more in value for projects that started before 7 April 2014, regardless of the completion date.
The following rates currently apply:
??? 0.1% on projects started from 7/4/2014;
??? 0.3% on projects started from 1/4/2012 to 6/4/2014 - regardless of completion date;
??? 0.4% on projects started from 1/7/2009 to 31/3/2012 - regardless of completion date; and
??? 0.5% on projects started from 1/7/2005 to 30/6/2009 - regardless of completion date.
Payment is made by the owner/developer or where the work is to be done for the Australian government or interstate government entity, payment is made by the principal contractor.
Work on single detached residential dwellings is exempt from the levy.