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Security of Payment

Queenslanders who work in the building and construction industry make an invaluable contribution to their communities and the economic prosperity of the state. They deserve to be paid for the work they do.

The new Building Industry Fairness (Security of Payment) Act 2017, passed by the Queensland Parliament on 26 October 2017, will help give them the confidence that this will happen.

These new reforms, including Project Bank Accounts, are not just important for subcontractors and their families, they are important for Queensland’s economy and productivity.

During extensive consultation the building industry it was discovered that in some cases, trades were not getting paid for their work, putting livelihoods and lives at risk.

The Queensland government have responed to stakeholder concerns with a set of reforms that will help assure payment, make it easier for subcontractors to navigate the claims process, and strengthen the powers of the Queensland Building and Construction Commission (QBCC) so the action it takes will be meaningful and effective.