On 21 June 2016, The Minister for Resources, Energy and Northern Australia, the Hon. Josh Frydenberg, announced the move to lower the mandatory disclosure threshold on commercial office buildings from 2,000 square metres to 1,000 square metres.

This expands the scope of the program to cover smaller office buildings and spaces and will come into effect from 1 July 2017, after a one year transition period. Under the changes a Building Energy Efficiency Certificate will be required whenever an office space of 1,000 square metres or more is offered for sale or lease. A current NABERS Office Energy rating will need to be included in advertising.

Lowering of the disclosure threshold will see many commercial buildings that have never been formally NABERS Office Energy rated, requiring a formal rating for regulatory compliance.

Building Owners/Asset Managers should look to prepare their portfolios for this compliance change by undertaking a NABERS Office Energy rating for their buildings as soon as practical.

Undertaking a NABERS Office Energy rating prior to the mandatory disclosure change would provide a benchmark on how the building has performed over the previous 12 months. An under-performing building could then identify and implement cost effective opportunities aimed at improving the building rating, reducing energy costs and ensuring the building remains competitive against other competing commercial assets being offered for sale or lease.

Here are some simple steps to ensure your building is prepared for compliance and ready for its first NABERS Office Energy rating;

  1. Review portfolio and identify Commercial office spaces over 1,000sqm;
  2. Review and collate information for each building over 1,000sqm including NLA Plans, Utility Bills and Lease Documentation.
  3. Engage an accredited NABERS/CBD assessor that also has experience in identifying energy efficiency opportunities, to perform the assessment.

 

Key Contacts

Steve Hennessy – National Manager Sustainability

Email: shennessy@wtconsultancy.com.au

Jag Dhandwar – Senior Advisor

Email: jdhandwar@wtpartnership.com.au