Project Trust Accounts: Protecting Subcontractors with Support from the LNP and QBCC
Subcontractors are the lifeblood of Queensland’s construction industry, yet they often face financial challenges due to delayed payments or contractor insolvencies. To combat this and build trust, Queensland has introduced Project Trust Accounts (PTAs) and Retention Trust Accounts (RTAs) under the Building Industry Fairness (Security of Payment) Act 2017 (BIF Act). These legislative measures ensure […]