QLDIn ForceRegulation
Building Industry Fairness (Security of Payment) Regulation 2018
sch.1AA-sec.3-oc.3Notice about withdrawal of retention amount from retention trust account to pay someone other than contracted party
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sch.1AA-sec.3-oc.3 Notice about withdrawal of retention amount from retention trust account to pay someone other than contracted party
The following information must be included in the notice— the amount to be paid; the reason for the payment; payment made to correct defects in the contracted work the total retention amounts held in the account, after the withdrawal, for the contracted party under the contract to which the withdrawal relates; the date the amount is to be paid.
- (a) the amount to be paid;
- (b) the reason for the payment; Example— payment made to correct defects in the contracted work
- (c) the total retention amounts held in the account, after the withdrawal, for the contracted party under the contract to which the withdrawal relates;
- (d) the date the amount is to be paid.