security of payment

In Queensland, building contractors are required to comply with the Minimum Financial Requirements (MFRs), which are regulated by the QBCC. This week, Kirsty Stewart shares her top tips for contractors to ensure they comply with the MFRs and maintain a financially sustainable business: It is a condition of a building contractor’s licence that the licensee comply with […]

The impact of COVID-19 is continuing to be felt by the construction industry with shortages in materials and skilled labour causing major disruption. The residential construction sector has been particularly hard-hit by these shortages, with some builders estimating wait periods of up to four (4) months for materials and labour necessary for works to commence. To assist[…]

Under section 157 of the Building Industry Fairness (Security of Payment) Act 2017 (BIF Act) the QBCC Commissioner must review and report on the operation of Chapter 3 of the BIF Act.  These reporting obligations include investigations undertaken and penalty notices issued by the QBCC under: section 76 of the BIF Act – concerning responses to payment[…]