Queensland Consolidated Acts

BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) ACT 2017 - SECT 67

67 Meaning of reference date

(1) A
"reference date" , for a construction contract, means—

(a) a date stated in, or worked out under, the contract as the date on which a claim for a progress payment may be made for construction work carried out, or related goods and services supplied, under the contract; or

(b) if the contract does not provide for the matter—

(i) the last day of the month in which the construction work was first carried out, or the related goods and services were first supplied, under the contract; and

(ii) the last day of each later month.

(2) However, if a construction contract is terminated and the contract does not provide for, or purports to prevent, a reference date surviving beyond termination, the final reference date for the contract is the date the contract is terminated.