There has been much talk in the building and construction industry about upcoming changes which the Government see as streamlining processes and making funds more accessible to subcontractors in a bid to keep money flowing and works progressing. These proposals have come about partly due to the collapse of several large building companies in the past 12 months.
Some of the proposed changes include:
- Amendments to the Building Construction Industry Payments Act 2001 to make it less “Applicant friendly” and more balanced;
- Amendments and/or substantial redrafting of the Subcontractors Charges Act 1974;
- Commencement of the us of Project Bank Accounts for Government contracts valued $1mil to $10mil by 2018 and all projects by 2012; and
- The inclusion of investigatory and disciplinary powers for the QBCC relating to non-conforming building products and workplace health and safety obligations to be incorporated into the Building and Construction Legislation (Non-conforming Building Products—Chain of Responsibility and Other Matters) Amendment Bill 2017 currently before Parliament.