• Building Industry Fairness (Security of Payment) Bill 2017

The Queensland government recently introduced the Building Industry Fairness (Security of Payment) Bill 2017 for its first reading.

If passed, the Bill will:

  • Replace the Building and Construction Industry Payments Act 2004 (‘BCIPA’);
  • Replace the Subcontractors Charges Act 1974; and
  • Amend the Queensland Building and Construction Commission Act 1991 in relation to phoenix companies.

The Bill responds to concerns subcontractors concerns regarding security for payment on large construction jobs and contains the most wide-reaching amendments to legislation governing the building and construction industry since the initial introduction of the Building and Construction Industry Payments Act 2004 (BCIPA) in 2004.