The recent High Court decision in Bryant v Badenoch Integrated Logging Pty Ltd [2023] HCA 2 (“Bryant”) has abolished the ‘Peak Indebtedness Rule’ and significantly altered the application of the ‘Running Account’ Defence to unfair preference…
Liability After Deregistration – What Directors of Building Companies Need to Know About the Statutory Insurance Scheme
As a director of a building company, you can’t overlook your personal liability, especially when your company is deregistered. This article dives into a recent Queensland District Court decision that highlights how your personal assets could…
Navigating the Complexities of Payment Claims Under BIFA
Essential Insights from a Recent Queensland Court Ruling to Ensure Your Payment Claims Are Legally Compliant One of the key mechanisms to ensure a steady cash flow to keep your projects on track is the timely…
Queensland’s Trust Account Framework: The Latest Developments
Queensland’s construction industry is navigating significant changes with the introduction of the trust account framework under the Building Industry Fairness (Security of Payment) Act 2017. Understanding the requirements and recent amendments to this framework is essential…
Understanding Construction Law and Contracts
Construction law and contracts are essential components of the construction industry, governing the legal aspects of construction projects and defining the relationships between all parties involved. This article aims to provide a comprehensive understanding of construction…