Building Industry Fairness Update!

Amendments to the ‘Act’ were passed by Parliament on 5 September 2018.

The only change to Chapter 3: Progress Payments, was to section 76, which relates to when Payment Schedules must be given.

Master Builders links:

Read the news item (<—Link) for more information on the (Link—>) BIF changes that impacted subcontracts.

 

What do you need to know?

from Corrs Chambers Westgarth Lawyers:

Principals, contractors and subcontractors operating in Queensland should become familiar with the new project bank account regime under the Building Industry Fairness (Security of Payment) Act 2017 (BIF Act)which commenced on 1 March 2018.

Read more: Corrs Blog Article

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