Section sec.217-frag-sec.14 - Building Industry Fairness (Security of Payment) Act 2017 - Eligibility of contract for project trust when contract entered into — Zoe

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Building Industry Fairness (Security of Payment) Act 2017

sec.217-frag-sec.14Eligibility of contract for project trust when contract entered into

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### sec.217-frag-sec.14 Eligibility of contract for project trust when contract entered into 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. - (a) more than 50% of the contract price is for project trust work; and - (b) the contract price is $1 million or more.

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