On 17 December 2018, the Building and Construction Industry Payments Act 2004 (Qld) (“the BCIPA”) was replaced by Chapter 3 of the Building Industry Fairness (Security of Payment) Act 2017 (“the BIFSOP”). Payment claims take a…
Is Brisbane about to tank?
Apologies for the dramatic heading, but is it true? There has been a lot of talk in the media in recent months of an oversupply of Brisbane off the plan apartments that are either new or…
Builders Spared again by the Subcontractors’ Charges Act 1974 & PPSA Compliant Supply Agreements
The collapse of Brisbane based building company, the Cullen Group, a week short of Christmas sent shockwaves around the construction and building industry both in South East Queensland and further afield. The Cullen Group was a…
Terminating under the Finance Clause? Look before you leap!
Buyers under residential property Contracts need to exercise caution before seeking to terminate under the Finance clause. Clause 3 in the standard REIQ residential Contract has a notorious reputation as a ‘get out of jail free card’…