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Building and Construction Industry Security of Payment Regulation 2020
11Interest earned on trust account
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11 Interest earned on trust account
11 Interest earned on trust account
Interest earned on retention money held in a retention money trust account is to be held on the same trust as the retention money and dealt with accordingly unless—
(a) the contract between the head contractor and the subcontractor under which the money is held as retention money otherwise provides, or
(b) the head contractor and subcontractor otherwise agree in writing.