Project Bank Accounts Commence 1 March 2018
The commencement date for Project Bank Accounts for government projects under the Building Industry Fairness (Security of Payment) Act 2017 has been set for 1 March 2018.
If you contract on Queensland Government building projects valued between $1million and $10million you need to make sure that you are ready to comply with the Project Bank Account requirements – they will apply to any relevant projects that are first advertised or issued for tender on or after 1 March 2018.
A date is yet to be proclaimed for commencement of the Security of Payment provisions (the replacement of BCIPA) but this is expected to be in place from July 2018 – we will keep you updated.
Need to know more? Legal Awareness Program Offer
Because of the critical nature of these changes to building & construction businesses in our region we are offering to present the following free seminars at your business, directly to your team. These include:
- Project bank accounts: When and How?
- Out with BCIPA and in with BIF: a practical workshop to get you ready for BIF
Need some help in-house to get ready?
If you need a more personalised service we currently offer a ‘mini-secondment’ service where an experienced construction lawyer can come and spend a day in your office, reviewing your processes and documents and giving tailored advice at a reduced hourly rate.
Please contact Kylie Howell on 07 4688 2188 for more information.
The High Court has today granted Mondalez International the right to appeal the meaning of “10 days of paid personal/carers leave” as quantified under section 96 of the Fair Work Act. The appeal comes after a ruling in August that confirmed Mondalez employees were entitled to 120 hours of paid leave rather than the 76 hours calculated by Mondelez.... read on
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