Security of payment
Queenslanders who work in our building and construction industry make an invaluable contribution to our communities and the economic prosperity of our state. They deserve to be paid for the work they do.
To ensure this happens, the Queensland Government introduced new Building Industry Fairness legislation into Parliament on 5 February 2020.
The Building Industry Fairness and Other Legislation Amendment Bill 2020 (BIFOLA) (PDF, 1.1MB) includes security of payment reforms to:
- extend Project Bank Accounts to the private sector and rename them Project and Retention Trusts to more closely reflect what the accounts do
- enable a claimant to make a withholding request if they aren’t paid an adjudicated amount
- give head contractors more protection like being able to place a charge on land when they aren’t paid an adjudicated amount
- introduce a penalty for underpayment of a scheduled amount
It is expected that legislation will commence on 1 July 2020.
Previous Building Industry Fairness reforms commenced on 10 November 2017 through the Building Industry Fairness (Security of Payment) Act 2017.
For information about how to comply with the changes, see the Queensland Building Construction Commission.
Read about changes we’re making to protect contractor payments:
- Security of payment laws
- Progress payment changes
- Adjudication changes
- Subcontractors’ charges changes
- Retention requirement changes
- Project bank accounts
- Minimum financial requirements
The Queensland Government is strengthening and expanding its safeguard for subcontractor payments following:
- an evaluation conducted by the Building Industry Fairness Reforms Implementation and Evaluation Panel
- the work of the Special Joint Taskforce.
Contact us with any queries at firstname.lastname@example.org.
- Last updated:
- 12 February 2020