Commercial Building Disclosure (CBD) is a national program designed to improve the energy efficiency of Australia’s large office buildings. The CBD program is established by the Building Energy Efficiency Disclosure Act 2010 (the Act).
The cut off date for first use/installation of new depreciating assets in accordance with Division 41 ITAA 1997 is fast approaching.
The 10% investment allowance made available to general business entities who committed to investing in new tangible depreciating assets with a minimum expenditure threshold of $10,000 from 13 December 2008 expires on 31 December 2010.
There have been changes made to the Building Energy Efficiency Disclosure (Disclosure Affected Buildings) Determination concerning mixed use buildings and buildings which have undergone major refurbishments. These changes came into effect on 29 November 2010.