Building Industry Fairness (Security of Payment) Amendment Regulation 2023 (Qld)

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1   Short title

This regulation may be cited as the Building Industry Fairness (Security of Payment) Amendment Regulation 2023.

2   Commencement

This regulation commences on 1 July 2023.

3   Regulation Amended

This regulation amends the Building Industry Fairness (Security of Payment) Regulation 2018.

4   Replacement of sch 2 (Fees)

Schedule 2—
omit, insert—

Schedule 2 Fees

section 39

Fee units

1

Application fee for adjudication (Act, s 79(2)(d))—

(a)  for a payment claim for a progress payment of no more than $10,972.65

60.70

(b)  for a payment claim for a progress payment of more than $10,972.65 but no more than $54,863.45

182.15

(c)  for a payment claim for a progress payment of more than $54,863.45 but no more than $109,726.90

303.60

(d)  for a payment claim for a progress payment of more than $109,726.90 but no more than $274,317.25

425.20

(e)  for a payment claim for a progress payment of more than $274,317.25 but no more than $548,634.50

546.60

(f)  for a payment claim for a progress payment of more than $548,634.50 but no more than $822,951.80

668.05

(g)  for a payment claim for a progress payment of more than $822,951.80 but no more than $1,195,558.00

789.55

(h)  for a payment claim for a progress payment of more than $1,195,558.00

Fee units equal to 0.07680733% of the progress payment amount, up to a maximum of 6,073.80

2

Application fee for registration, or renewal of registration, as an adjudicator (Act, ss 159(2)(a)(iii) and 167(2)(c))

843.45

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