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Building Industry Fairness (Security of Payment) Act 2017
sec.56BEquity and court’s jurisdiction preserved
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### sec.56B Equity and court’s jurisdiction preserved
A principle of equity relating to trusts applies for a project trust or retention trust except to the extent the principle is inconsistent with this Act.
Nothing in this chapter affects a court’s inherent jurisdiction to supervise a project trust or retention trust as a trust.
s 56B ins 2020 No. 24 s 63
(sec.56B-ssec.1) A principle of equity relating to trusts applies for a project trust or retention trust except to the extent the principle is inconsistent with this Act.
(sec.56B-ssec.2) Nothing in this chapter affects a court’s inherent jurisdiction to supervise a project trust or retention trust as a trust.