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ARTICLE · 26 MARCH 2018

Update: Start date for new security of payment laws

McCullough Robertson
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The Queensland Government has announced that its changes to the security of payment regime will apply from 1 July 2018.

AustraliaReal Estate and Construction
Matt Bradbury
Matt Bradbury
Madelaine Hogan
Madelaine Hogan
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WHO SHOULD READ THIS

  • All participants in the Queensland Construction industry.

THINGS YOU NEED TO KNOW

  • The Queensland Government has announced that its changes to the security of payment regime in Queensland will apply from 1 July 2018.

WHAT YOU NEED TO DO

  • Consider how the changes to the security of payment regime will affect the way your project is administered when dealing with claims for payment. The amendments will impact all levels of government, owners and developers, principals, head contractors, subcontractors, suppliers and consultants acting as superintendents.

Last year, the Queensland Government passed the Building Industry Fairness (Security of Payment) Act 2017 (the BIF Act). A key feature of the BIF Act is the repeal of the Building and Construction Industry Payments Act 2004 (Qld) (BCIPA), and the introduction of a new security of payment regime (including the adjudication of payment disputes). From 1 July 2018, this new

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