(1)  A person who is to perform building work or demolition work, or other prescribed work, under this Act is liable to pay a building administration fee in respect of the work.

(2)  Subsection (1) does not apply in respect of work, if the work has an estimated cost that is less than $20 000 or such other amount as may be prescribed.

(3)  The amount of the building administration fee payable under subsection (1) in respect of work is –

(a) 0.1% of the estimated cost of the work –

(i) as specified in the contract to perform the work; or

(ii) as estimated by the building surveyor for the work; or

(b) such other prescribed amount.

(4)  The building administration fee payable under subsection (1)  –

(a) in respect of permit work, is payable at the time a permit is granted in respect of the work; or

(b) in respect of notifiable work, is payable at the time a certificate of likely compliance is issued in respect of the work; or

(c) in respect of low-risk work, is payable within 7 business days after the work is completed or such other prescribed period.

(5)  A building administration fee payable under this Division is to be paid to –

(a) the relevant permit authority; or

(b) such other person as may be prescribed.