Queensland Consolidated Acts

BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) ACT 2017 - SECT 14E

14E Prescribed subcontracts require project trusts

(1) A subcontract is eligible for a project trust if—

(a) the subcontract is a first tier subcontract for a head contract; and

(b) a project trust is required for the head contract; and

(c) the subcontractor is a beneficiary of the project trust for the head contract; and

(d) the subcontract is a type of subcontract prescribed by regulation.

(2) To remove any doubt, it is declared that the subcontractor continues to be a beneficiary of the project trust for the head contract.