Introduction
After almost 10 years and approximately $3.7 billion1
worth of adjudication applications made, legislation enacting
significant reform of the Building and Construction Industry
Payments Act 2004 (Qld) was passed by the Queensland
Parliament on 11 September 2014.
Background
The genesis of this reform was a process of industry stakeholder
consultation undertaken by the Department of Housing and Public
Works in 2012-2013. A fact sheet outlining proposed amendments to
the Act was released by the Department in April 2014 and the
Building and Construction Industry Payments Act Amendment Bill
2014 was introduced in Parliament on 21 May 2014.
The proposed changes were intended to come into effect by 1
September 2014. Unsurprisingly, the proposed amendments to the Act
generated significant interest and were the subject of an extended
consultation period.
