Building Industry Fairness (Security of Payment) Act 2017

The Building Industry Fairness (Security of Payment) Act 2017 (BIF) commenced in November 2017.  It contains 9 chapters with the key chapters being:

• Chapter 2 – Project Trust Accounts (PTAs)
• Chapter 3 – Progress Payments
• Chapter 9, Part 4 – Amendment of Queensland Building and Construction Commission Act 1991.

Each chapter applies to different parts of the industry and commence at a different time.

It can be quite confusing to work through the detail and that is why we are here to help you. Call our team of experts on 1300 30 50 10 or email contracts@mbqld.com.au.

View the Act View the Regulation