Image Home Search Displaying 111 - 120 of 1004 Operating a trust account Rules and requirements for opening and using trust accounts. On this page There are rules and requirements for opening, using, and closing project trust account (PTAs) or retention trust accounts (RTAs), including: when and where a trust account … Subcontractors paid from a project trust account (PTA) Only the following parties are paid from a project trust account: subcontractors engaged by the trustee to carry out a project trust subcontract or supply related services the trustee. Project trust subcontracts and related services Project trust … Trust account reviews Trustees will no longer be required to engage an auditor to carry out an account review report due to the amendments to the Building Industry Fairness (Security of Payment) and Other Legislation Amendment Act 2024 . This applies to all trustees and … How we detect non-compliance The role of the QBCC is to safeguard the building and construction sector, its workers and end users. The QBCC is committed to meeting the needs of industry but also has a very distinct role in protecting Queenslanders and the industry from harm. … Statement of Expectations and Statement of Intent The Statement of Expectations is issued by the responsible Minister to the QBCC. It provides clarity on the government’s expectations regarding how the QBCC will fulfil its statutory responsibilities and priorities. The QBCC responds to the … Consequences for non-compliance There is a range of actions we may take if you fail to follow the rules and regulations in the building and construction industry. If you commit an offence , or do not comply with the building standards and codes, we may use a range of remedies … Direction to rectify If your client believes the work you have done is defective, they can submit a complaint to us. We may look at complaints about structural and non-structural defective work and may also look at complaints about consequential damage caused by … Demerit points If we find defective or non-compliant work, we may issue a licensee with demerit points. If you accumulate a certain number of demerit points, your licence may be disqualified. How will I get demerit points? Demerit points are issued if you don't: … Fines Fines—penalty infringement notices—are issued where we discover non-compliant or unlicensed work. If you've received a fine, make sure you pay on time, or decide on one of the alternative options if you don't agree. This will help you avoid further … Judgment debts A judgment debt is an amount accepted by a court as being owed by a QBCC licensee to another person under a contract for the supply of goods or services relating to building work. If you are applying for a licence or have an existing one, you can't … Load More
