An expansion of laws aimed at protecting subcontractors and suppliers from unscrupulous builders will not go ahead as planned, after the Queensland Government put them on hold indefinitely. Here’s what it means
Kathleen Skene follow 2 min read March 5, 2025 - 1:00PM
Gold Coast Bulletin
An expansion of laws aimed at protecting subcontractors and suppliers from unscrupulous builders will not go ahead as planned, after the Queensland Government put them on hold indefinitely.
The Building Industry Fairness Act was created in 2017 after a series of devastating construction company collapses saw billions of dollars ripped out of the pockets of subbies and suppliers.
It requires builders to set up and administer designated trust accounts to hold money owed to subcontractors for each specific project and aimed to minimise the risk the funds would be spent elsewhere by the builder.
Leave a Reply
You must be logged in to post a comment.