QLDIn ForceAct
Building Industry Fairness (Security of Payment) Act 2017
sec.52Trust records
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### sec.52 Trust records
The trustee for a project trust or retention trust must—
keep records for the trust as prescribed by regulation; and
retain the records for at least 7 years after the trust is dissolved.
Maximum penalty—300 penalty units or 1 year’s imprisonment.
s 52 amd 2018 No. 17 s 176ZA
sub 2020 No. 24 s 63; 2024 No. 14 s 43
- (a) keep records for the trust as prescribed by regulation; and
- (b) retain the records for at least 7 years after the trust is dissolved.