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Mandatory disclosure requirements under the Commercial Building Disclosure program
Released 27 July 2010

The Department of Climate Change and Energy Efficiency has advised that disclosure requirements under the Commercial Building Disclosure program (CBD) will commence on 1 November 2010.

This follows the passage of the Building Energy Efficiency Disclosure Act 2010 by Federal Parliament last month.

The CBD program will ensure that credible and meaningful energy efficiency information is available to prospective purchasers and lessees of large commercial office space. Owners and lessors of commercial office space with a net lettable area of 2000 sqm or more will be required to disclose energy efficiency information to prospective purchasers and tenants when the space is to be sold, leased or subleased.

The operation of these arrangements will have an impact on the activities of many facilities management professionals. You can familiarise yourself with the scheme by reading the factsheet and by visiting www.cbd.gov.au