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BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) AND OTHER LEGISLATION AMENDMENT ACT 2024 - SECT 31
Amendment of s 20 (All payments to subcontractor beneficiaries to be paid from project trust account)
31 Amendment of s 20 (All payments to subcontractor beneficiaries to be paid
from project trust account)
(1) Section 20 (1) —
omit.
(2) Section 20 (2) , ‘may only pay the amount to the subcontractor
beneficiary’—
omit, insert—
for a project trust contract may only pay an amount to a subcontractor
beneficiary of the project trust
(3) Section 20 (4) , ‘ subsection (2) (b)
’—
omit, insert—
subsection (1)(b)
(4) Section 20 (2) to (5) —
renumber as section 20 (1) to (4) .
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