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BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) ACT 2017 - SECT 10

Definitions for part

10 Definitions for part

In this part—

"head contract" means a contract for project trust work that is not also a subcontract of another contract.

"minimum contract price" means an amount prescribed by regulation.

"project trust account" means the account for a project trust at a financial institution.

"related services" means—

(a) architectural, design, surveying or quantity surveying services relating to protected work; or
(b) building advisory services, engineering advisory services, interior or exterior decoration advisory services or landscaping advisory services if relating to protected work; or
(c) soil testing services relating to protected work.

"subcontractor beneficiary" , for a project trust, means a subcontractor who is a beneficiary of the trust under section 11A (4) .



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