Minimum Financial Requirements framework

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

This bill overhauls Queensland's building industry payment protections by replacing project bank accounts with a new statutory trust system that holds subcontractor money in trust. It also cracks down on fraudulent behaviour in the industry, introduces a demerit point system for building certifiers, strengthens regulation of architects and engineers, and preserves review rights for retirement village transition plans.