Levy Payer FAQs
- $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.
For further detail refer to Construction Industry Long Service Leave and Benefits Act.
The formula for calculating the levy amount on projects with construction costs from either $1 million [or $200,000 if applicable] to $1 billion is:
The levy rate has been reduced, effective from 7 April 2014.
This means for construction projects that start:
- on or after 7 April 2014, regardless of completion date, the levy rate of 0.1% applies.
- from 1 April 2012 to 6 April 2014, regardless of completion date, the levy rate of 0.3% applies.
- from 1 July 2009 to 31 March 2012, regardless of completion date, the levy rate of 0.4% applies.
- before 1 July 2009, regardless of completion date, the levy rate of 0.5% applies.
As the levy is payable in advance, the initial amount for calculating the levy payable is generally based on a payer’s self-assessment of the estimated total cost of the construction work. Therefore, at the date of practical completion of the project, a reconciliation of the actual total cost of construction will be required as an additional levy or refund may be payable once the final cost is known.
Payers should note that, as part of NT Build’s internal audit program, construction projects may be subject to routine audit.
- on single detached dwellings, including related private garages,
- carports, sheds, or the like.
- for which the total contract price for the construction work is less than $1 million in value (effective from 7 April 2014) or $200,000
- in value for projects started before 7 April 2014.
- undertaken for not-for-profit organisations in respect of voluntary labour or donated materials.