Well it seems as someone who is building I should be responisble for making sure my contractors are rewarded with long service entitlements. You would think the $350,000 + would simply be enough.
From their website....
"The levy is paid into a fund administered by the Long Service Corporation, and from this fund, the Corporation makes long service payments to building and construction workers."
Seriously - why isn't their employer looking after it? I'm going to see what I can do about it.
A friend was stung with this the other day so I thought I'd better let everyone else know about it to be prepared. Heck that's why I'm blogging all this info, to help others while I learn from the mistakes for next time perhaps.
You can ask your builder to include it in your tender so you don't have to pay for it, perhaps some can still negotiate. Perhaps your builder just pays it and doesn't worry about it, I don't know. What frustrates me is why aren't the builders telling us all of this so we know what to expect. The levy is a long service levy payable to your council for any building works over $25,000. The amount is 0.35% of the construction price. So for my base $220,000 building cost, I will be up for $770. Your certifier will hand you the bill when they give you the construction certificate.
More details can be found here.