Queensland Building and Construction Employing Office

Building Industry Fairness (Security of Payment) Bill 2017

This bill overhauls how subcontractors get paid in Queensland's building and construction industry. It creates 'Project Bank Accounts' that quarantine money owed to subcontractors in trust, combines existing security of payment laws into a single Act, and gives the Queensland Building and Construction Commission stronger powers to tackle unlicensed work and illegal phoenixing.