Building Industry Payments Changes Delayed
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.