NSW joins SA in Mandating 5 Star NABERS Minimum Requirement
The NSW Government launched an updated version of its Government Resource Efficiency Policy (GREP) which mandates 5 Star NABERS Energy ratings for owned or leased office buildings occupied by NSW Government, raising the requirement from 4.5 Stars. It also mandates 4.5 Star ratings for Data Centres.
The policy has immediate effect with a target to achieve full compliance by June 2020.
The GREP targets broad range of areas to drive resource efficiency in NSW Government agencies in the four main areas of energy, water, waste and air emission including:
- Reporting resource consumption and waste
- Targeted energy savings
- Mandating minimum NABERS ratings for energy and water
- Minimum standards for electrical and water using appliances and equipment
- Minimum standards for new buildings and fitouts
- Solar targets
- Minimum fuel efficiency vehicle standards
- Purchase of GreenPower
- Emissions standards for fixed plant and equipment
- Low VOC materials Continue reading
Did you know you can claim depreciation on “working dogs”?
Another determinant by the ATO has classified working dogs specifically those used for security
, therapy, detection, guard, and law enforcement, purchased or used effective as of 1 July 2019, as a capital allowance deduction. Most working dogs now have an effective life of 8 years, I wonder what the Easter Bunny’s effective life would be, not to mention working reindeers and other animals. Refer to this link for actual ATO determination of Working Dogs.
As tax time and the federal election draws near, the impact on the property market will become clear. We’ll keep you updated, in the meantime, have a happy and safe Easter break.
