📜 Building and Construction Industry (Security of Payment) Amendment Bill 2026

Legislative Assembly Third ReadLABill 5825 February 2026

The Building and Construction Industry (Security of Payment) Amendment Bill 2026 amends the Building and Construction Industry (Security of Payment) Act 2021 and the Building Services (Registration) Act 2011 to strengthen subcontractor protections on State Government construction projects by introducing statutory construction trusts and streamlining payment processes.

Impact

Subcontractors will benefit from improved payment security and reduced administrative burden. Head contractors will have clarified legal rights and a streamlined trust creation process. State Government agencies will have a more robust framework for managing construction payments.

Key Changes

["Introduces a statutory construction trust scheme to replace Project Bank Accounts.", "Clarifies legal rights for subcontractors in the event of head contractor insolvency.", "Removes unnecessary time restrictions for document submissions during adjudication.", "Clarifies the powers of the Building Services Board regarding building service debts."]