Queensland Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) ACT 2017 - SECT 214

Existing obligations to report serious breaches

214 Existing obligations to report serious breaches

(1) This section applies if—
(a) before the commencement, an auditor was required to notify the commissioner of a belief about a circumstance under former 57C; and
(b) immediately before the commencement, the auditor had not yet notified the commissioner.
(2) For the purposes of the notification, former section 57C continues to apply as if the amendment Act had not been enacted.
(3) However, if the review of the trust account in relation to which the notification requirement arose had not been completed immediately before the commencement—
(a) subsection (2) does not apply; and
(b) section 57C as in force after the commencement applies to the auditor in relation to the review.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback