However, many existing buildings, including Rialto,
will require substantial capital improvements to achieve this rating.
Rialto's management commissioned an Audit to assess the best options
for improving the energy rating of the building. The Audit found that
a 4.5 star energy rating could be achieved, although further
assessment of the implementation options was required. The report on
these options has been completed and the building owners are assessing
the recommendations with a view to implementing a capital works
program.
Mandatory Disclosure
Mandatory disclosure legislation, requiring all building owners and
tenants wishing to sell, lease or sub-lease buildings or space over
2,000 square metres to provide interested parties with a Building
Energy Efficiency Certificate, has been introduced by the Federal
Government. The purpose of mandatory disclosure is to provide
interested parties with consistent, credible, comparative and
meaningful information about energy efficiency and CO2 emissions with
an aim of creating more efficient workplaces.
Rialto is presently awaiting issue of its first NABERS Base Building
Energy Rating.

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