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Bond application and refund process

It is the responsibility of the applicant to advise Council when construction works are completed, and bond is due for refund.

Bond Refund

Bonds are fully refundable (excluding the bond administration fee) minus the costs Council has reasonably incurred in completing the Developer’s obligations under the DA consent. 

Bonds can only be refunded to the original lodging party unless a signed written authorisation from the lodging party confirms that the specific bond amount can be paid to another entity.

Using a bond

Before Council can step in and perform work at the Developer’s cost under a development application, efforts must be made in writing and verbally over a reasonable time period to contact the Developer’s representatives and give the option for the Developer to complete the work at its cost (subject to an existing construction permit being in place). Work by Council may then proceed with approval of a Council Director.

The requirement for reasonable notice period is however waived where there is an emergency such as a risk of injury to a person, environmental damage or pollution, or significant damage to property, if not immediately rectified.

Subdivision / Damage Bonds

It is the responsibility of the applicant to advise Council when construction works are completed and subdivision/damage bond is due for refund.

Following a satisfactory final inspection, the subdivision/damage bond, minus the administration/inspection fee and any other associated inspection fees applicable, will be refunded.

The refund payment will be direct deposited to the original drawer.

If the bond has been held by Council for longer than 12 months, interest will be paid in accordance with Council’s relevant adopted procedure.

If the applicant wishes the payment in another name, a written request must be forwarded to Council prior to refund of the bond.

Note: If subdivision/damage bond is not claimed within 10 years from application date, an attempt to contact the applicant will be made.  If contact is unsuccessful, Council reserves the right to consider the bond forfeited.

Submitting your bond refund request

All requests for refunds are required to be submitted to Council using our Bond Release Subdivision/Damage Bond Request form

Bond application and refund process


  • Step 1 - Complete the application form

    You'll need to provide a copy of the Occupation Certificate and the bank account details for the original payee.

    If your account details are not the Payee's, we will not process the application.

  • Step 2 - Site inspected and assessed

    Following a satisfactory inspection, the Security Bond, minus the administration/inspection fee and any additional inspection fees applicable will be refunded. Please allow up to 6 weeks for a bond refund.

  • Step 3 - Bond returned (if appropriate)

    The bond will be refunded to the payee whose account details provided are provided in the refund request. The payee must be the person who originally paid the Security Bond.

If you have any questions regarding the application/refund process do not hesitate to call 0481 262 689 or submit your enquiry via email to council@begavalley.nsw.gov.au attention Development Support Services.

 

 

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