Stage 1: Building bond lodgement

Developers must first register their project on the NSW Planning portal. Developers have SBBIS tasks to complete online in the NSW Planning portal.


What happens in this stage

Showing stage one of the strata bond scheme

The developer (not the builder) is responsible for obtaining the building bond and lodging it with the Secretary (NSW Fair Trading).

The building bond can be a bank guarantee or ‘bond’ and must contain the reference number issued by the NSW Planning portal. For example, the NSW Planning portal reference number will be in the following format: SB-2021-##

The time it takes to get a building bond from an approved issuer may vary, so this process should start as early as possible.

The amount secured by the building bond is calculated at a time just before the developer makes an application for an occupation certificate. You should get the reference number from the NSW Planning portal and provide it to the approved issuer as soon as possible to avoid delays. 

The Secretary must approve the building bond. When the building is ready for occupation, the developer then applies for an occupation certificate in the NSW Planning portal. The building bond case now moves to the SBBIS on the Strata Hub.

What do developers need to register the project in the NSW Planning portal?

To register your project in NSW Planning portal will need to know:

  • the street address of the building
  • the developer’s name, address, email, telephone number and contact name
  • the builder’s name, licence number, address, email and telephone number
  • the building class, building use, number of storeys and residential units of the development

Before the building bond may be approved, you will also need to upload these documents:

  1. a copy of the building bond
  2. a copy of any document relevant to determine the contract price to calculate the building bond amount including, if applicable, the quantity surveyor’s cost report if there is no written contract or the developer and builder are connected
  3. a copy of the contract or contracts between the developer and the builder
  4. a copy of specifications and any variations (including any “issued for construction” and “as-built” drawings and specifications and particulars of approved alternative solutions to meet the performance requirements of the Building Code of Australia)
  5. a copy of any written warranties
  6. a copy of any schedule of samples (being samples of fixtures, fittings, materials and finishes) approved by the developer for use in the building work
  7. a copy of any development consents, approvals or certificates granted or issued under the Environmental Planning and Assessment Act 1979
  8. in the case of building work involving an alternative solution in respect of a fire safety requirement under the Building Code of Australia – a copy of any report prepared by or on behalf of an accredited practitioner (fire safety) in relation to the alternative solution that was required in connection with an application for a certificate under the Environmental Planning and Assessment Act 1979
  9. a copy of any certificates relating to the design of the building work that were required for or in connection with an application for a development consent, approval or certificate under the Environmental Planning and Assessment Act 1979
  10. a copy of any report obtained by the developer or builder relating to the inspection of the building work

Note: If there are multiple versions or variations of any document, the version in existence at the time just prior to application for occupation certificate should be uploaded.

The Secretary may request any other documents or information to substantiate the contract price.

Don’t forget that while you’ll upload an electronic copy of the building bond in the NSW Planning portal, you still need to have the original delivered to Fair Trading by one of the following options:

  • Courier:
    SBBIS: Strata building bond and inspections scheme, NSW Fair Trading
    Attention: Manager SBBIS
    4 Parramatta Square, 12 Darcy Street Parramatta NSW 2150, or
  • Express post:
    SBBIS: Strata building bond and inspections scheme, NSW Fair Trading
    Attention: Manager SBBIS
    PO BOX 972, Parramatta NSW 2124

Hand deliveries of bank guarantees will not be accepted. Please use either express post or courier only.

You will need to pay a $1,500 lodgement fee in the NSW Planning portal.

We will then consider the developer’s building bond lodgement and you will be informed via email within 10 business days. If any further information is required, you’ll be notified by email.


Mandatory guidelines

Under the law, developers must read and then apply these guidelines before registering their developments.


How to complete online tasks

Developers need to use the NSW Planning portal to complete online tasks. User instructions in the NSW Planning portal make it easier for you to understand what to do. Look under the tab 'post consent certificates' for Strata building bond lodgement.


Contact us

You can email us at [email protected] during any stage of the process.

 
Next Stage 2: Inspector appointment