Queensland Consolidated Acts
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BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) ACT 2017 - SECT 51D
Interest earned on amounts held in trust account
51D Interest earned on amounts held in trust account
(1) The trustee for a project trust or retention trust is entitled to receive
all interest earned on amounts held in the trust account.
(2) The trustee may
withdraw an amount equal to the interest earned on amounts held in the trust
account once every 12 months or on the dissolution of the trust, unless the
withdrawal would prevent the full payment of another amount that must be paid
from the account.
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