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Building Industry Fairness (Security of Payment) Act 2017
sec.33Establishment of retention trust
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### sec.33 Establishment of retention trust
This section applies if, under section 32 , a retention trust is required for a retention amount withheld from payment under a contract.
The retention trust is established by the contracting party withholding the retention amount from payment.
s 33 amd 2018 No. 17 s 176Q
sub 2020 No. 24 s 63
(sec.33-ssec.1) This section applies if, under section 32 , a retention trust is required for a retention amount withheld from payment under a contract.
(sec.33-ssec.2) The retention trust is established by the contracting party withholding the retention amount from payment.