Victorian Consolidated Regulations Victorian Consolidated Regulations(1) For the purposes of section 40(4) of the Act, when parties to a major domestic building contract agree that section 40(2) and (3) of the Act do not apply to that contract, the manner of agreement is to include in the major domestic building contract—
(a) a warning in the form of Form 1 in Schedule 1, which is signed by the building owner before the building owner signs the major domestic building contract; and
(b) a clause in the form of Form 2 in Schedule 1, which is signed by the building owner and the builder before they sign the major domestic building contract.
(2) Despite the revocation of the Domestic Building Contracts Regulations 2007, for the period commencing on 22 April 2017 and ending on 31 July 2017, it is sufficient compliance with subregulation (1) if a person complies with regulation 12 and Forms 1 and 2 in the Schedule to the Domestic Building Contracts Regulations 2007 as in force immediately before their revocation.