Another delay in implementation of Building Industry Fairness (Security of Payment) Act
The Queensland Government (which had previously delayed implementation of the changes to Queensland’s security of payment law until 1 July 2018) has yet
again pushed back the commencement date.
Commencement date now set for 17 December 2018 This time, we are told that the changes will commence on 17 December 2018.
Whilst we have previously indicated that we expected some amendments to be made in order to simplify some of the complexities in the Act; until last
week, there had never been any hint that the already delayed implementation of the security of payment changes were to be delayed again.
So where are we at?
The changes to the Queensland Building and Construction Commission Act and the Plumbing and Drainage Act which have already been
implemented will continue “as is”;
The current trial for Project Bank Accounts for government jobs between $1 million and $10 million continues; and
You need to continue to comply with the current provisions of the Building and Construction Industry Payments Act and the Subcontractors Charges Act until further notice.
Where to next? Given the recent track record of delays, all we can say is that:
the new security of payment laws;
the “amendments” to the Subcontractors Charges Act; and
the next stage of the Project Bank Accounts rollout
might come into effect on 17 December 2018 (as seems to be suggested in the Minister’s press release of last week).
We will not be holding any further Workshops on the new laws until the situation becomes clearer.
We will keep you up-to-date when (and if) things progress.
To discuss any aspect of the current building and construction laws or the changes which we expect will, at some stage, come into play, please do not
hesitate to contact a member of our Building and Construction team.