Queensland Consolidated Acts

BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) ACT 2017 - SECT 213

213 Existing trust account reviews

(1) This section applies if—

(a) before the commencement, the trustee for a project trust or retention trust engaged an auditor to carry out a review of the trust account for the trust under former section 57; and

(b) immediately before the commencement—

(i) the review had not been completed; or

(ii) the account review report for the trust account required under former section 57A had not been given to the trustee.

(2) For the purposes of the review and report, former sections 57 and 57A continue to apply as if the amendment Act had not commenced.