Clifford Gouldson Lawyers

Building Industry Payments Changes Delayed

Print Version

19/06/2018

The Queensland Government has announced a delay to the commencement of the changes to payment arrangements for the building and construction industry.

Further to our email alert on 28 February 2018, the date for commencement of the Security of Payment provisions (the replacement of BCIPA) contained in the Building Industry Fairness (Security of Payment) Act 2017, which was expected to occur in July, has been pushed back to 17 December 2018.

In a Queensland Government Media Statement the Minister advised that, following industry consultation, he intended to introduce amendments to the BIF Act before the next phase of the Act commences.

These proposed amendments will be considered by parliament and, if passed, will be incorporated into the BIF Act. The proposed amendments have not yet been released. We will continue to monitor the situation and keep you updated.

Contact our Building & Construction Team if you have any queries.

LATEST NEWS/EVENTS

Combustible Cladding - Extension of Deadlines - 21/05/2019

... read on

Government reforms to clean up ABNs - 16/05/2019

... read on

What rate of tax does my private company pay? - 10/05/2019

From 1 July 2018, the rules for determining the rate of tax paid by a company changed to depend on whether your company is a ‘base rate entity’.... read on

Read all news/events

Site Developed by FAQ Interactive