Qld Construction Alert: Stage 1 of the security of payment reform in construction industry is effective.

From 1 March 2018, the project bank accounts regime under the Building Industry Fairness (Security of Payment) Act 2017 applies to particular government building contracts. Any building contracts with the State of Queensland tendered for after this date, and which are for the contract value between $1 million and $10 million are likely to be subject to the new regime.
Please contact our construction team if you would like to find out more.

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