Minimum Financial Requirements framework

Building Industry Fairness (Security of Payment) and Other Legislation Amendment Bill 2020

This bill reforms Queensland's building industry payment protections and regulatory framework. It replaces Project Bank Accounts with a simplified statutory trust system to protect subcontractor payments, strengthens the QBCC's ability to address fraud, introduces a demerit point system for building certifiers, enhances oversight of architects and engineers, and preserves review rights for retirement village transition plans.