Queensland Consolidated Acts

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BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) ACT 2017 - SECT 24A

Contracting party to report failure to establish project trust

24A Contracting party to report failure to establish project trust

(1) This section applies if the contracting party for a contract knows or ought reasonably to know—
(a) a project trust is required for the contract; and
(b) a project trust account has not been opened for the trust as required under section 18 .
(2) The contracting party must, using an approved way, report the matter to the commissioner.
Penalty—
Maximum penalty—100 penalty units.



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