McCarthy Durie Lawyers - News

How to deal with a dispute for funds in a Project Bank Account

From 1 March 2018, Project Bank Accounts have become part of the construction industry in Queensland. That means as a head contractor you’ll need to know how to deal with disputes when they occur. 

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The nuts & bolts of operating a Project Bank Account

7 answers to your FAQs about PBAs

From 1 March 2018, the head contractor on a construction project has the responsibility of managing the funds held in a Project Bank Account.

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A practical guide to setting up a Project Bank Account

The 4 things to note as a head contractor

So, you’re a head contractor on a project that will need a Project Bank Account. How do you go about it?

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What to do about a loss of benefit in estate

Compensation for beneficiaries under the Powers of Attorney Act 

When a person has executed a will which provides for a specific gift (for example a house) to be given to a beneficiary upon his or her death, at general law, the gift will fail if no property in the estate matches the description of the gift as provided in the will.

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Time limitations and debts ‘payable on demand’

Issues to consider when you have an outstanding debt 

When you contract with someone, and a debt becomes owing to you by the other party to that agreement, the Limitation of Actions legislation in Queensland provides that if the debt remains unpaid, you will generally have 6 years to bring an action against that person for breach of contract from the date that the debt arose. This type of legislation is commonly referred to by the general population as a ‘Statute of Limitations’. 

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The Building Industry Fairness Act comes into effect soon

The four major changes you need to be aware of 

Parts of the Building Industry Fairness Act (Security of Payments) Act 2017 (‘the BIF Act’) have already commenced, including the momentous introduction of Project Bank Accounts on 1 March 2018. See our previous Project Bank Account news post here.

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What you need to know about breaches of leasehold covenants

Tips for landlords – and tenants!

A tenant who is in breach of a commercial lease can be in a world of hurt. That’s particularly the case if their business relies heavily on its location to trade successfully (for instance, a service station, drive through fast food chain, or childcare centre). 

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Motor vehicle accidents and your insurance

Yeah… I crashed into them, but they were insured so it’s fine!

Not necessarily!

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D-Day for Project Bank Accounts

New initiative will secure payments for subcontractors from 1 March 2018

On 1 March 2018, Project Bank Accounts became a part of the Queensland building and construction industry under the new Building Industry Fairness (Security of Payment) Act 2017.

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Crowd sourcing to raise funds for your business

MDL’s Business Law team look at the new CSEF provisions

A new potential source of funding for companies offers exciting opportunities for Australian businesses and investors.

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