Under this scheme, from 1 January 2018 developers of new residential strata buildings (4 storeys and higher) are required to pay a building bond to NSW Fair Trading equal to two percent of the building contract price.
The Strata Building Bond & Inspections (SBBIS) team is not available from 23 December until 11 January.
The office will re-open for enquiries on Monday, 11 January 2021.
Building bonds will not be processed during this time.
Information about the SBBIS can be found at Fair Trading.
After two years, this building bond may be used to pay for any identified rectification work if the developer has failed to do so.
Use the NSW Planning Portal below if you're a developer with new project registrations from 1 September 2020.
Use the SBBIS ePortal below if you are a developer with projects registered before 1 September 2020.