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When Blockchain Immutability Meets Bankruptcy

Changes to security of payment regime under the BIF Act

Changes to the Queensland security of payment regime introduced by the Building Industry Fairness (Security of Payment) Act 2017 will commence on 17 December 2018.

22 November 2018

Combustible cladding compliance - new obligations in Queensland

The Cladding Regulation will impose obligations on nearly all commercial building owners in Queensland.

27 September 2018

Morrison’s Christmas promise: Indonesia-Australia free trade agreement

Australia’s new Prime Minister, Scott Morrison has promised the long awaited Indonesia-Australia free trade agreement by Christmas. The announcement is a good news story for international trade...

05 September 2018

Commencement of further reforms under the BIF Act postponed

The next phase of the Building Industry Fairness (Security of Payment) Act 2017 (“BIF Act”) reforms will be delayed.

26 June 2018

Murray Report calls for harmonisation of security of payment laws

The final report on the national Review of Security of Payment Laws recommends harmonising laws to achieve a consistent and effective set of national legislation.

24 May 2018

Protecting principals and security of payment – WA Government launches new Industry Advisory Group

In the wake of some high profile WA builders entering administration, the WA Government has launched a review to improve security of payment for local subcontractors.

27 March 2018

Queensland’s Project Bank Account regime now in force

To protect the interests of subcontractors, the Building Industry Fairness (Security of Payment) Act introduces a mandatory requirement for PBAs to be established by head contractors.

01 March 2018

Project Bank Accounts and financing implications for QLD projects

The Queensland Government has recently passed legislation which will introduce Project Bank Accounts to certain construction projects from the beginning of 2018.

20 November 2017

Ipso facto law reform and managing insolvency risks in projects and construction

It is becoming more important for financiers, owners, principals and contractors to manage counterparty insolvency risk as a key part of their project contingency plans.

11 October 2017

The Senate Economics References Committee interim report on aluminium composite cladding in Australia - What can we learn about further reform?

The interim report forms part of a broader effort by industry and government to address non-conforming & non-complying building products in construction following the Grenfell Tower fire in...

04 October 2017

Taxes on real estate deals - Australian State and Territory Budgets

Australia's State and Territory budgets have continued a trend of imposing taxes on foreign investment in real estate. Find out more about the stamp duty and land tax...

04 September 2017

Senate inquiry into cladding and building materials in Australia

Australian Government announces inquiry into the use of cladding, following the Grenfell disaster and reports that a number of buildings are suspected of non-compliant building materials.

04 July 2017

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