The BIF Act has made changes to the adjudication process.
Progress payment changes
The BIF Act has made changes to the process for progress payments.
Retention requirement changes
Changes to the QBCC Act around retentions and securities withheld under a contract, and defects liability periods.
Subcontractors’ charges changes
Updates to subcontractors’ charges provisions.
Building Industry Fairness Reforms Implementation and Evaluation Panel
The Panel was established to assess the building industry fairness reforms.
Minimum Financial Requirements for licensees
Laws that strengthen the Minimum Financial Requirements (MFR) for licensing have commenced.