Chris Penk: Building and Construction Minister on small renovations becoming exempt from the building levy

Small renovations and minor building work are set to be cheaper.  From July 1, any building project worth under $65 thousand, including GST, will be exempt from the building levy.  Currently any project worth $20,444 and above is subject to the fee, which is paid at $1.75 per $1000 of work value.  Building and Construction Minister Chris Penk told Mike Hosking that the effects will be minimal, as the government has a levy which has built up over the years.  He says the change will reduce unnecessary red tape and means people will save up to $113 for small renovations.  LISTEN ABOVE See omnystudio.com/listener for privacy information.