A building contractor who enters into a residential building work contract must ensure the contract –

(a) is in written form when it is entered into; or

(b) is put into written form –

(i) as soon as practicable (but in any case within 5 business days) after it is entered into; and

(ii) before residential building work begins to be performed under the contract.

Penalty:  In the case of –

(a) a body corporate, a fine not exceeding 800 penalty units; or

(b) an individual, a fine not exceeding 300 penalty units.