BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) ACT 2017
This is important news for Queensland Building & Construction Contractors
Two seperate sets of laws have now been merged onto the new “BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) ACT 2017”.
Previously to run a claim through adjudication you would have served a claim under the “Building and Construction Industry Payment Act 2004 (QLD)” however this legislation no longer exists. It has been merged with “Building and Construction Industry Payments Regulation 2004″ and “Subcontractors’ Charges Act 1974”.
To have a claim for building and construction work that was carried out in Queensland adjudicated you must now make a claim under the “BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) ACT 2017”.
The new Queensland Security Of Payment Act legislation operates on the same principles as the old Building & Construction Industry Payments Act 2004 QLD.
Importantly, the new Building Industry Fairness (Security Of Payment) Act 2017 still provides much protection for claimants when dealing with unscrupulous customers