Compensation on Resumption of Real Estate in Qld
South-east Queensland is again experiencing an infrastructure boom (believe it or not) with the State Government and most Councils playing catch-up from a lengthy period of under-investment in infrastructure. Major projects include the recent projects of Lytton Road widening (BCC) and current Centenary Bridge upgrade (State), Cross River Rail (State) and the Inner City South […]
A practical guide to setting up a Project Bank Account
The 4 things to note as a head contractor So, you’re a head contractor on a project that will need a Project Bank Account. How do you go about it? To put it simply – Project Bank Accounts are trust accounts which are held by you as the head contractor, for the benefit of the […]
The nuts & bolts of operating a Project Bank Account
7 answers to your FAQs about PBAs From 1 March 2018, the head contractor on a construction project has the responsibility of managing the funds held in a Project Bank Account. That means the head contractor must comply with the strict requirements of the Building Industry Fairness (Security of Payment) Act 2017 (‘the Act’) when […]
How to deal with a dispute for funds in a Project Bank Account
From 1 March 2018, Project Bank Accounts have become part of the construction industry in Queensland. That means as a head contractor you’ll need to know how to deal with disputes when they occur. Project Bank Accounts are trust accounts which are held by you as the head contractor, for the benefit of the subcontractors […]
