The BIF Act has made changes to the adjudication process.
Progress payment changes
The BIF Act has made changes to the process for progress payments.
Retention requirement changes
Changes to the QBCC Act around retentions and securities withheld under a contract, and defects liability periods.
Subcontractors’ charges changes
Updates to subcontractors’ charges provisions.
Building Industry Fairness Reforms Implementation and Evaluation Panel
The Panel was established to assess the building industry fairness reforms.
Minimum Financial Requirements for licensees
Laws that strengthen the Minimum Financial Requirements (MFR) for licensing have commenced.
Building Industry Fairness (Security of Payment) and Other Legislation Amendment Act 2020
A summary of the changes to building and construction legislation from the passage of the BIFOLA Bill 2020.
Trust account framework
The BIFOLA Act 2020 will introduce a new trust account framework.
Building (Professional Indemnity Insurance) Amendment Regulation 2020
Extending the exemption period from 30 June 2021 to 30 June 2022 with exclusions.
Building Industry Fairness (Security of Payment) and Other Legislation Amendment Regulation 2020 (BIFOLA Regulation)
Changes to regulations arising from the BIFOLA Regulation 2020.