Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 30 NOVEMBER 2016

Project bank accounts and local government

DWF (Australia)
Explore more from DWF (Australia)

While project bank accounts are proposed, local governments should assess the appropriateness of PBAs for their projects.

AustraliaGovernment, Public Sector
Lex Orange
Lex Orange
Author LinkedIn connections

The Queensland Government is contemplating introducing a trial of 'project bank accounts' to ensure security of payments to subcontractors. This proposal has been trialled in New South Wales, the Northern Territory, Victoria and Western Australia, typically for government projects.

Before project bank accounts are rolled out, local governments should consider the appropriateness of PBAs for their projects. As discussed below, there are significant questions to be answered before PBAs can be considered viable to secure payment for sub-contractors. Councils should assess the risks and benefits of PBAS prior to tendering government construction projects if this proposal is carried forward.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

Yindjibarndi And WA Government To Appeal $150 Million Federal Court Native Title Compensation Decision

The State of Western Australia and the Yindjibarndi Ngurra Aboriginal Corporation have both filed appeals against a landmark Federal Court decision awarding $150 million in compensation for cultural loss caused by mining operations in the Pilbara region. This unprecedented case marks the first judicial determination of native title compensation for future acts and the largest cultural loss award in Australian history, establishing critical precedents for how compensation is assessed when native title rights
AustraliaGovernment, Public Sector
Holding Redlich
Holding Redlich
Article

NSW Data Centre Guidelines And Network Connection Consultation Paper

The New South Wales Government has released a comprehensive policy framework for data centre investment, establishing six core principles that developments must address while promising streamlined planning approvals. The framework introduces significant new compliance obligations around energy procurement, cost recovery contributions, and demand flexibility, including a $200,000/MW Major Network Upgrade Fee and requirements for renewable energy agreements with minimum 40% wind component.
AustraliaGovernment, Public Sector
Corrs Chambers Westgarth
Corrs Chambers Westgarth
Article

Automated Decision-Making: New OAIC Guidance Highlights Expectations For Government Agencies

Australian government agencies face a December 2026 deadline to update their privacy policies with detailed explanations of automated decision-making systems. The Office of the Australian Information Commissioner's new guidance clarifies when computer-assisted decisions trigger disclosure obligations, how human oversight affects those requirements, and what specific information agencies must reveal about the personal data and decision types involved in their automated processes.
AustraliaGovernment, Public Sector
Holding Redlich
Holding Redlich