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New rules for disclosure of commercial office building energy efficiency

November 26th, 2009 by Peter

In a recent announcement by the Environment Minister, Peter Garrett, from the second half of 2010 owners of commerical office buildings will be required to disclose energy efficiency ratings when they lease or sell their property.

Specifically, building owners will need to provide a current Building Energy Efficiency Certificate (BEEC), including a NABERS Energy base building star rating, when selling or leasing. These certificates are valid for 12 months and once the legislation is in place,  owners of non-compliant buildings will face a fine or prosecution.

To begin with, the rules will only apply to the sale or lease of office space of more than 2,000 square meters. It is expected that around 2,170 commercial office buildings will be required to provide energy efficiency ratings, from a national total of 3,900 buildings.

The legislation is designed to help prospective buyers and tenants make more informed decisions when they’re looking for office space. Public disclosure of energy efficiency ratings will hopefully create a market that rewards better performing buildings and stimulates greater investment in energy efficiency as buyers and tenants demand buildings that are more efficient.

In early 2010 Greensense will be launching a real-time energy and greenhouse emissions management dashboard for commerical buildings.

If you’re the owner or operator of a commerical office building and would like to understand what this new legislation means for you, you can contact me at peter@greensense.com.au