Glossary

Description.

2017 Budget Change

The change to tax depreciation on the 9th of May 2017, known as the “2017 Budget Change,” primarily affected depreciation deductions for residential property investors in Australia. the 2017 Budget Change restricted the ability of residential property investors to claim depreciation on second-hand assets, emphasizing that they must be the original purchasers of these assets …

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Adjudication

A process in which a neutral third party, often an expert, makes a decision on a specific issue within a dispute.

Arbitration

A method of dispute resolution where a neutral third party, the arbitrator, makes a binding decision after hearing arguments and evidence from both parties.

Architect

A professional in Australia who designs and plans buildings and structures for development projects.

As-Built Drawings

Final drawings reflecting the actual construction details and modifications made during the project.

Association of Accredited Certifiers

The Association of Accredited Certifiers represents certifiers who ensure that buildings comply with regulations and codes. They promote high standards in building certification.

Australian Institute of Building

The Australian Institute of Building is a professional organization for those involved in the building and construction industry. They offer educational programs and resources for building professionals.

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