Queensland Consolidated Acts

BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) ACT 2017 - SECT 52

52 Trust records

The trustee for a project trust or retention trust must—

(a) keep records for the trust as prescribed by regulation; and

(b) retain the records for at least 7 years after the trust is dissolved.

Penalty—

Maximum penalty—300 penalty units or 1 year’s imprisonment.