New laws (BIFOLA) 2020

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

The new trust account framework commenced on 1 March 2021. 

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

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

For more information

You can watch our Changes to Security of Payment Laws in Queensland Webinar, read the webinar transcript, download the PowerPoint slides used in the webinar or take a look at the full list of audience questions and our answers

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