For subsection 35 (4) of the Act, each of the following contracts is prescribed:
(a) a contract entered into before 1 March 2006;
(b) a contract entered into on and after 1 March 2006 if the contract has a value of less than $6 000 000;
(c) a contract for building work that is to be carried out outside Australia.
Note An effect of this regulation is that if:
(a) a person wishes to enter into a Commonwealth building contract with the Commonwealth or a Commonwealth authority on or after 1 March 2006; and
(b) the value of the contract would be $6 000 000 or more;
the person must be an accredited person.