Building Industry Fairness (Security of Payment) Regulation 2018
sch.1AA-sec.5Notice to commissioner about opening project trust account
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sch.1AA-sec.5 Notice to commissioner about opening project trust account
The following information must be included in the notice— the name of the trustee; the name of the account; the name of the financial institution where the account is kept; the identifying number of the financial institution (BSB) where the account is kept; the account number at the financial institution; the value of the project trust contract; the date the first subcontract for the project trust contract was entered into; the name of the contracting party as it appears on the project trust contract; the site address for the contracted work; a brief description of the contracted work; the date of practical completion as provided for under the project trust contract; the date the account was opened.
- (a) the name of the trustee;
- (b) the name of the account;
- (c) the name of the financial institution where the account is kept;
- (d) the identifying number of the financial institution (BSB) where the account is kept;
- (e) the account number at the financial institution;
- (f) the value of the project trust contract;
- (g) the date the first subcontract for the project trust contract was entered into;
- (h) the name of the contracting party as it appears on the project trust contract;
- (i) the site address for the contracted work;
- (j) a brief description of the contracted work;
- (k) the date of practical completion as provided for under the project trust contract;
- (l) the date the account was opened.