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ARTICLE · 20 JUNE 2018

BIF Act Update

McCullough Robertson
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Article advises what you need to do to comply with the security of payment provisions prior to commencement in December.

AustraliaReal Estate and Construction
Matt Bradbury
Matt Bradbury
Michael Rochester
Michael Rochester
Ren Niemann
Ren Niemann
Russell Thirgood
Russell Thirgood
Alex Power
Alex Power
Brittany Parker
Brittany Parker
Goran Gelic
Goran Gelic
Joseph Jones
Joseph Jones
Erika Williams
Erika Williams
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WHO SHOULD READ THIS

  • All participants in the Queensland construction industry.

THINGS YOU NEED TO KNOW

  • The commencement of the security of payment provisions of the BIF Act has been postponed until 17 December 2018.

WHAT YOU NEED TO DO

  • Contracts and the administration of payment processes should be reviewed and updated prior to the commencement of the legislation.

Update: Next stages of the BIF Act to now commence from 17 December 2018

On Tuesday (12 June 2018), the Minister for Housing and Public Works, Mick de Brenni MP announced that the next tranche of the implementation of the Building Industry Fairness (Security of Payment) Act 2017 (Qld) (BIF Act) will commence from 17 December 2018.

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