Queensland Consolidated Acts

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

52A Monthly bank reconciliation

(1) The trustee for a project trust or retention trust must complete a bank reconciliation for the trust account within 15 business days after the end of each month.

Penalty—

Maximum penalty—50 penalty units.

(2) The bank reconciliation must be completed as required by regulation.