Project Trust Accounts (PTAs) are required for eligible building contracts for: State Government and Hospital and Health Services valued at $1 million or more (ex.GST); and Since 1 January 2022, for contracts in the private sector and local government contracts valued at $10 million or more (ex. GST). On Sunday, 19 March 2023, the Queensland […]
ReadmoreProject Trust Accounts (PTAs) are currently required for eligible contracts for: State Government and Hospital and Health Services valued at $1 million or more (ex. GST); and since 1 January 2022, the requirement to have a PTA has been extended to the private sector and local government building contracts valued at $10 million or more […]
ReadmoreAdjudications under BCIPA (Building and Construction Industry Payments Act) are meant to be quick and dirty interim decisions about money claims. Whilst adjudications do not fix all of the issues regarding payment in the building industry, the ability under BCIPA to obtain a relatively quick decision about a money claim is generally regarded as being […]
ReadmoreSometimes, unfortunately, it does not take much for issues with a client to escalate into being a costly building dispute. However, it also often does not take much to avoid the dispute happening in the first place. This is an example of both. The dispute and the decision In December 2016, the New South […]
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