sec.53Warning that contract is a construction management trade contract— Act , s 67V

### sec.53 Warning that contract is a construction management trade contract— Act , s 67V For section 67V (2) of the Act , the following form of warning is prescribed— ‘APPROVED WARNING UNDER SECTION 67V OF THE QUEENSLAND BUILDING AND CONSTRUCTION COMMISSION ACT 1991 This contract is a construction management trade contract, not a subcontract. You should be aware that, unlike a subcontract, under this contract the contracting party responsible for making payments to you (whether directly to you, or through the construction manager identified in this contract) is not required to demonstrate financial capacity to undertake the project under the Queensland Building and Construction Commission Act 1991 or any other legislation. You should make your own enquiries to satisfy yourself that the contracting party responsible for making payments to you under this contract has the financial capacity to fulfil its financial obligations to you.’. The warning in subsection (1) must be— on the first page of the contract; and in bold type of at least 12 point font size. (sec.53-ssec.1) For section 67V (2) of the Act , the following form of warning is prescribed— ‘APPROVED WARNING UNDER SECTION 67V OF THE QUEENSLAND BUILDING AND CONSTRUCTION COMMISSION ACT 1991 This contract is a construction management trade contract, not a subcontract. You should be aware that, unlike a subcontract, under this contract the contracting party responsible for making payments to you (whether directly to you, or through the construction manager identified in this contract) is not required to demonstrate financial capacity to undertake the project under the Queensland Building and Construction Commission Act 1991 or any other legislation. You should make your own enquiries to satisfy yourself that the contracting party responsible for making payments to you under this contract has the financial capacity to fulfil its financial obligations to you.’. (sec.53-ssec.2) The warning in subsection (1) must be— on the first page of the contract; and in bold type of at least 12 point font size. - (a) on the first page of the contract; and - (b) in bold type of at least 12 point font size.