Insights

Trust Account Update – April 2024

MONTHLY TRUST ACCOUNT UPDATE – April 2024 Here’s a copy of what was sent to parties that are subscribed to our monthly trust account update.  April Queensland trust account statistics Here’s a snapshot of the information published on the QBCC Trust Account Register. As at 30 April 2024:  Total of 1410 trust accounts currently open 306 trustees (builders and developers that are managing an active trust account/s) 22 new PTAs and 10 RTAs opened in

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Project trusts: Getting to know Queensland’s trust account framework

For building and construction businesses in Queensland there are new rules around how to manage project funds coming into play. And it may not be long before we see similar rules around the country.

 

In 2017, the Queensland State Government announced the Queensland Building Plan, which includes a range of reforms that aim to improve the quality of building projects, resolve licensing issues and increase security of funding for those projects.