10 November 2010 – It’s official, the Federal Government will open the flood gate on the next tranche of Green Building Fund money to retrofit existing buildings for greater energy efficiency. But the word is, be quick. Chances are the funds are likely to be taken up ultra quickly and Round 7 could well be closed by January.

In an announcement at Tuesday’s joint sustainability conference in Sydney held by the Australian Property Institute and the Australian Direct Property Investment Association, Green Building Fund manager Bronwyn Williams told delegates that unlike previous criteria, this round would accept applications for shopping centres and hotels.

“We would advise anyone who is thinking of applying to get their applications in quickly. We expect to close the round quite quickly once we open it,” Ms Williams told The Fifth Estate today.

Applications would open soon, subject to sign off on some minor details, which were not expected to vary greatly from previous guidelines, Ms Williams said.

A key criteria in the applications is that the property is able to have a NABERS energy rating, so Ms Williams advised that this be planned as soon as possible.

Round 7 would also take a broader view of worthwhile achievements.

“In terms of merit, what constitutes a really good saving in one property might not be the same in others and we will look to what is appropriate for each sector.”

The news comes only a day after the Federal Government announced tax incentives for greening buildings and for low carbon communities and carbon farming. See our story here.

See The Green Building Fund website

The Fifth Estate – sustainable property news and forum