B.S.A Depsoit Laws

THE B.S.A. STATES THE FOLLOWING;

If the contract is for domestic building work valued at $20,000 or more the maximum deposit payable is 5%.
If the contract value is between $3300 and $20,000 the deposit must not exceed 10%.
(B.S.A. generally recommends no more than 20%)
The Domestic Building Contracts ACT sets out maximum deposit percentages, which must not be exceeded, even if the home owner is agreeable.
Is this contractor wise to go against the B.S.A. laws for payment?

The Domestic Building Contracts ACT sets out maximum deposit percentages, which must not be exceeded – even if the home owner is agreeable.

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