New laws

The Building Industry Fairness (Security of Payment) and Other Legislation Amendment Act 2020 (BIFOLA) was made law on 23 July 2020.

The new Act includes a range of amendments across existing legislation and has been designed to:

• strengthen payment laws and protections for contractors
• streamline existing project bank accounts into a new project trust account framework to further protect payments to contractors, as well as reducing the administrative burden for head contractors
• improve standards and integrity throughout the industry
• improve consumer confidence and strengthening the certification and inspection process.

These changes support the delivery of the Queensland Building Plan and recommendations of the:

• Building Industry Fairness Reforms Implementation and Evaluation Panel Report (BIF Panel)
• Special Joint Taskforce Report
• Building Confidence Report.

For more information

Further information about the new reforms can be found on the Queensland Government’s website.