On 23 July 2020, the Building Industry Fairness (Security of Payment) and Other Legislation Amendment Act 2020 (BIFOLA Act) received assent. Provisions of the BIFOLA have received proclamation with further provisions rolled out on 1 October 2020.  The first tranche of amendments relating to Project Trust Accounts was rolled out on 27 August 2020. You … Continue reading Major Amendments Introduced to Queensland’s Security of Payment Legislation