Sorry to mention but you can get penalised. The Consumer Building Guide is a requirement for your residential building contract based on the Home Building Act 1989 Section 7AA Consumer Information.
However, Fair Trading will not penalise contractors who fail to provide the correct and updated version of the Consumer Building Guide for the meantime until 31 December 2018. But the association are still expecting contractors to comply as soon as possible.
A REMINDER FROM FAIR TRADING: From June 2018, a new version of the Consumer Building Guide has been approved, and it is the version that must be used for any new contracts in order to comply with section 7AA of the Act.