QLDIn ForceAct
Building Industry Fairness (Security of Payment) Act 2017
sec.20BOrder of priority
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### sec.20B Order of priority
A trustee must not withdraw an amount from the project trust account to pay itself, or make another payment prescribed by regulation, unless there would still be a sufficient amount available in the account after the withdrawal to pay all amounts the contracted party is liable to pay subcontractor beneficiaries at the time of the withdrawal.
Maximum penalty—300 penalty units or 2 years imprisonment.
s 20B ins 2020 No. 24 s 63