Asset protection bond
An asset protection bond is a deposit against the potential damage to Council assets during building and development work and is usually part of a building consent application.
It is also required for vehicle crossings and stormwater, water and wastewater connections. The asset protection bond is a cash deposit only and means that, if necessary, any damages caused can be repaired using the bond funds.
When the works are completed to the required standard, the bond will be refunded when the final inspection has taken place and we have received the as-built information for the service connections.
Asset protection bond information sheet (1.6mb pdf)
Last Reviewed: 25/07/2017