Queensland Consolidated Acts

BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) ACT 2017 - SECT 51C

51C Trustee not entitled to payment for administration of trust or fees

(1) This section applies to costs incurred for—

(a) the administration of a project trust or retention trust; or

(b) fees payable in relation to a project trust or retention trust.

(2) The trustee for the project trust or retention trust is not entitled to recover the costs from a beneficiary or the funds held in trust for a beneficiary.

(3) In this section—

"beneficiary" , of a project trust or retention trust, does not include a beneficiary who is also the trustee for the trust.