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

Legislative Council Second ReadingLABill 5825 February 2026

This bill amends the Building and Construction Industry (Security of Payment) Act 2021 to strengthen protections for subcontractors on State Government construction projects by introducing statutory construction trusts, replacing Project Bank Accounts. It also amends the Building Services (Registration) Act 2011 regarding building service debts.

Impact

Subcontractors will benefit from improved payment security and streamlined processes on government projects. Head contractors will have reduced administrative burden. State agencies will have clearer legal frameworks. The Building Services Board's powers are clarified.

Key Changes

["Introduces statutory construction trusts to replace Project Bank Accounts.", "Clarifies legal rights for subcontractors in case of head contractor insolvency.", "Removes unnecessary time restrictions in adjudication processes.", "Clarifies the powers of the Building Services Board."]