The Building and Construction Industry Training Fund (BCITF) Levy applies to all residential, commercial and civil engineering projects undertaken in Western Australia where the total value of construction is estimated to be more than $20,000.
The rate of the levy is 0.2% of the total value of construction (inclusive of GST) or $200 in every $100,000 worth of project value.
A project owner is required to pay the levy prior to commencement of construction work. Failure to pay the levy prior to commencement of construction can result in a penalty of up to $50,000, plus up to 100% of the original levy fee.
To find out more visit Construction Training Fund (CTF).