Queensland Consolidated Acts

QUEENSLAND BUILDING AND CONSTRUCTION COMMISSION ACT 1991 - SECT 67NA

67NA Statutory defects liability period

(1) This section applies to a building contract if—

(a) under the contract—

(i) a retention amount may be withheld; or

(ii) a security may be held after practical completion in relation to the need to correct defects in the building work under the contract; and

(b) the contract does not provide for the release of the retention amount or security at the end of an identifiable period.

(2) The building contract is subject to a condition that the retention amount or security must be released to the person entitled to it at the end of 12 months starting on the day of practical completion for the contract (the
"statutory defects liability period" ).