Feedback is still being sought on proposed changes to the Commercial Building Disclosure until 5pm AEST Saturday 12 March.

Changes proposed in the CBD Review include lowering the threshold for mandatory disclosure of energy efficiency information on buildings from 1000 square metres and up (down from 2000 sq m) to capture smaller office buildings; and extending the validity period for the tenancy lighting assessment from one to five years.

The independent review, produced by ACIL Allen Consulting, found that the CBD Program was a successful and effective way of delivering significant benefits at a minimal cost to industry and government.

The review concluded the CBD Program has delivered $44 million in benefits over the last four years by assisting to improve the energy efficiency of Australia’s large office buildings. The recommended regulatory changes are projected to deliver an additional $13 million in energy efficiency benefits by 2028 and streamline industry regulatory obligations.

Any changes to the CBD Program will be preceded by a one year transition period following ministerial approval. It is anticipated that the proposed changes to the threshold will not be introduced until July 2017.