The BILD Lab Podcast

Episode 22: Cooling Off Periods for Victorian Building Contracts

1 min · 23 de ene de 2026
Portada del episodio Episode 22: Cooling Off Periods for Victorian Building Contracts

Descripción

Cooling off periods give Victorian homeowners a short window to withdraw from a major domestic building contract after signing. This episode explains when the cooling off period starts, how the five clear business days are calculated, and why the exact time you receive a signed contract can affect your rights. It also covers what happens to any money paid if you withdraw, including the limited amount a builder is entitled to keep. The episode also explains the key exceptions where cooling off rights do not apply, including situations where legal advice has been obtained or where there has already been a prior contract for substantially the same work on the same land. This is practical, general information to help homeowners understand how cooling off periods work in real building projects in Victoria.

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19 episodios

episode Episode 22: Cooling Off Periods for Victorian Building Contracts artwork

Episode 22: Cooling Off Periods for Victorian Building Contracts

Cooling off periods give Victorian homeowners a short window to withdraw from a major domestic building contract after signing. This episode explains when the cooling off period starts, how the five clear business days are calculated, and why the exact time you receive a signed contract can affect your rights. It also covers what happens to any money paid if you withdraw, including the limited amount a builder is entitled to keep. The episode also explains the key exceptions where cooling off rights do not apply, including situations where legal advice has been obtained or where there has already been a prior contract for substantially the same work on the same land. This is practical, general information to help homeowners understand how cooling off periods work in real building projects in Victoria.

23 de ene de 20261 min
episode Episode 18: Contract Formalities artwork

Episode 18: Contract Formalities

In this episode, we take a deeper look at the formal requirements of a Victorian building contract and why getting the details right at the start is so important. We explain how party details operate in domestic building contracts, the difference between contracting with an individual builder and a building company, and why companies are separate legal entities. We also discuss the role of nominee directors, the risks associated with licence lending, and why the builder named in the contract must match the builder named on the domestic building insurance policy. This episode is designed to help homeowners understand how seemingly minor errors in contract details can have serious consequences if a dispute arises or insurance needs to be relied upon.

18 de ene de 20262 min