Queensland Consolidated Acts

BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) ACT 2017 - SECT 11

11 What is a project trust

A
"project trust" is a trust—

(a) over amounts—

(i) payable in connection with a project trust contract or project trust subcontract; and

(ii) required to be deposited in the project trust account under this chapter; and

(b) primarily for the benefit of subcontractors for the project trust contract.