15C
CurrentContracts for small scale residential construction work
Chapter 2Statutory trusts
Part 2Project trusts
Division 3Contracts requiring project trusts
Subdivision 3Exempt contracts
15C Contracts for small scale residential construction work
(1)
A project trust is not required for a contract if the only project trust work to be carried out under the contract is residential construction work for less than 3 living units.
(2)
For subsection (1)—
(a)
a single detached dwelling is taken to be 1 living unit; and
(b)
a residential unit is taken to be 1 living unit; and
(c)
a duplex is taken to be 2 living units.
(3)
In this section—
residential construction work means the type of work prescribed by regulation.
residential unit means a part of a building designed for separate occupation as a residence.
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