Paramount Fire Services

July 23, 2020 by dev

Someone should have come up with something like this years ago.

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Government Project Trust Account Legislation: Are They a Shield for Subbies and Developers?

Several Governments have decided to step in with specific legislation related to trust accounts intended to protect subcontractor payments. The QLD, NSW & WA Governments have all introduced rules governing how builders are to manage progress payments and/or retention money held against subcontractors. We’ve looked at the various legislations introduced to date, both in principle & in practice, so we thought we’d provide an assessment of each from intent to adoption & outcomes. We also provide some insight into our ongoing interactions with the various industry bodies that have introduced these policies/processes as well as those set to influence future frameworks.

Paramount Fire Services

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