Building Industry Fairness (Security of Payment) Regulation 2018
sch.1AA-sec.4Notice to contracting party about transferring project trust account
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sch.1AA-sec.4 Notice to contracting party about transferring project trust account
The following information must be included in the notice— the name of the trustee; the name of the account before the transfer; the name of the account after the transfer; the name of the financial institution where the account was kept before the transfer; the name of the financial institution where the account will be kept after the transfer; the identifying number of each financial institution (BSB) mentioned in paragraphs (d) and (e); the account number at each financial institution mentioned in paragraphs (d) and (e); the date the account was transferred; the date from which the new account is intended to be used.
- (a) the name of the trustee;
- (b) the name of the account before the transfer;
- (c) the name of the account after the transfer;
- (d) the name of the financial institution where the account was kept before the transfer;
- (e) the name of the financial institution where the account will be kept after the transfer;
- (f) the identifying number of each financial institution (BSB) mentioned in paragraphs (d) and (e);
- (g) the account number at each financial institution mentioned in paragraphs (d) and (e);
- (h) the date the account was transferred;
- (i) the date from which the new account is intended to be used.