QLDIn ForceAct
Building Industry Fairness (Security of Payment) Act 2017
sec.217Replacement of s 14 (Eligibility of contract for project trust when contract entered into)
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### sec.217 Replacement of s 14 (Eligibility of contract for project trust when contract entered into)
Section 14 —
omit, insert—
A contract is eligible for a project trust if, when it is entered into—
more than 50% of the contract price is for project trust work; and
the contract price is $1 million or more.
s 217 sub 2020 No. 24 s 83 ; 2024 No. 14 s 52
- (a) more than 50% of the contract price is for project trust work; and
- (b) the contract price is $1 million or more.