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            Breakfast Seminar - Changes to the BIF Act

            Join DWF's Lex Orange and Master Builders' Tracey Wood for a breakfast seminar in DWF's Brisbane office which will explore the changes to the BIF Act.

            Date
            03 March 2020 07:00
            to
            03 March 2020 08:30

            Locations
            DWF Brisbane Office
            Level 36, Riverside Centre
            123 Eagle Street, Brisbane
            QLD 4000
            Brisbane
            Australia

            Get directions

            BIF Act: The landscape changes again

            "WHAT NOW! ", we hear you say.

             

            Late November 2019, the BIF Implementation and Evaluation Panel delivered its assessment of the reforms in the BIF Act to date. The Queensland Government's response to the assessment (December 2019) was to accept the panel's recommendations. A draft Bill has now issued and will be passed by 1 April.

            The  report,  the  Government's  response  and  the  Bill  cover  changes  to  the  Project  Bank Account  regime  (Chapter  2,  BIF),  the  adjudication  process  (Chapter  3,  BIF)  and  the QBCC Act.

            Among the changes, from 1 July, the first tranche of reforms will include the application of a revised Project Bank Account regime to State Government projects > $1M. Further tranches quickly follow so that by 1 July 2022, PBAs will apply to all building projects over $1M (both private and public sector).

            Join DWF's  Lex  Orange and  Master  Builders'  Tracey  Wood for  a  seminar  which  will capture for you:

            • the key elements of the reforms;
            • how the reforms will affect the building industry; and
            • what you should be doing in anticipation of the implementation.

            Throughout  the  process,  Tracey  has  been  making  representation  on  behalf  of  the  industry peak body, Master Builders' Queensland and Lex has been involved both with Master Builders and also with the preparation of submissions for both clients and industry bodies.

            We hope you can join us.

            7:15am: Registration & Breakfast
            7:30am – 8:30am: Seminar
             

            Speakers:

            Topics:

            • Changes to the BIF Act 

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