Finalise work details
You must notify us of the final cost of work once building and construction work has been completed. You need to do this if the actual cost is $50,000 or more than the initial amount notified to QLeave. You must do this within 30 days after the work ends.
If you finalise after 30 days, you'll need to pay additional levies if the final cost of work is $20,000 or more than what you initially notified.
You may be eligible for a full or partial refund if the total cost has decreased. You must apply for a refund within one year of the work ending.
What happens if I don't finalise work details?
Failure to provide these details may result in the commencement of legal action. You may be penalised if you don't notify and pay additional levies to a maximum of 40 penalty units ($5,750). The value of a single penalty unit is $143.75, effective 1 July 2022. Penalties are revised at the beginning of each financial year. Refer s.5 of the Penalties and Sentences Act 1992.
How to finalise
You must provide supporting documentation when you submit the form. This documentation should show increases or decreases to the cost of work, or exempted costs. Find out more.
What's included in the cost of work?
The cost of work is the total of all costs incurred by the owner (excluding GST) that relate directly and indirectly to building and construction work.
|Direct costs include (but are not limited to):||Indirect costs include (but are not limited to):|