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RETENTION RELEASE CERTIFICATE

Ref: RR-001
Date: 2026-01-01
Contract ref: CONTRACT-001

Retention held under the Construction Contracts Act 2002. Retention moneys must be held on trust and released at the end of the defect liability period once all defects are remedied.

Contractor (Requesting Release)

Your Business Name

Address / Contact

GST No: [your number]

Principal / Client (Holding Retention)

Client / Developer Name

Address / Contact

Project

Project name and site address

Item	Amount / Details
Original contract sum (excl. GST)	$200,000
Approved variations	$15,000
Total contract value (excl. GST)	$215,000
Retention rate	5%
Total retention held	$10,750
Practical completion date
Defect liability period	12 months from practical completion
Defect liability period end date
Defects identified at practical completion	None / [list ref]
Defects remedied by	N/A / [date]

Retention to release (excl. GST)$10,750

GST (15%)$1,612

TOTAL RETENTION RELEASE$12,362

Payment Instructions

Bank: [Bank Name] | Account: [XX-XXXX-XXXXXXX-XX] | Reference: RR-001 / [Contract ref]

By signing below, the principal confirms: The defect liability period has expired, all notified defects have been remedied to satisfaction, and the retention moneys stated above are authorised for release.

Contractor / Date

Principal / Client authorised by / Date

🔓 Retention Release Certificate

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