Queensland Government extends payment system for tradies

The Queensland Government has extended the commencement of the remaining phases of its Project Trust Account (PTA) framework. This recognises the need to balance continued protections for tradies with a suitable software solution for smaller builders feeling the strain of an at-capacity industry.



Nearly $10 billion is now protected for tradies under PTAs. The Queensland government is extending the commencement date for eligible contracts for up to two years–between $3 and $10 million to 1 March 2025 and over $1 million to 1 October 2025.

A PTA is an account through which project payments are received and paid. A PTA is needed for all eligible construction contracts in Queensland, with a separate PTA required for each eligible contract.

Typically, a PTA is:

  • paid into by the project owner or developer
  • managed by the head contractor
  • the account from which all subcontractors are paid
  • the account from which the head contractor pays themselves.

All other protections, including payment terms, reporting and financial obligations (including existing PTA thresholds), will continue to require compliance and will be enforced by the building regulator.

These frameworks are all designed to strengthen the security of payments to tradies and to ensure safe workplaces and quality construction across Queensland’s building and construction industry.

Starting now, a steering committee will engage a specialist to work with software providers to ensure a reasonably priced and fit-for-purpose solution is available to make compliance straightforward, especially for smaller companies.

Photo courtesy of Ricardo Gomez Angel on Unsplash

Get our enews

Design and development news that comes to you


Home design trends are a breeze

As the world of interior design continues to evolve, homeowners are constantly seeking fresh ideas to transform their ...

Superior HVAC Technology Now Available in Australia

Small-duct, high-velocity (SDHV) central heating and cooling, enjoyed in the United States and Europe for decades, has finally ...

HIA: Trade Material Costs Stabilise

The Housing Industry Association (HIA) has reported that the cost of building materials was unchanged in the September ...

Victorian Plumber Fined $14,000 for Non-compliant Gas Installation

A Victorian plumber has been penalised more than $14,000 for signing off on the improper installation of a ...

MPA NSW Criticises Lack of Due Diligence from Sydney Councils in Using Renewable Gas

The Master Plumbers Association (MPA) of NSW says that it’s deeply concerned about the lack of research and ...


Stay connected to the SPEC

Join our reader network by signing up to our weekly newsletter and receive design and development news straight to your inbox

Specifier Source is brought to you by the same company that publishes Home Design, Grand Designs Australia Magazine, Kitchens & Bathrooms Quarterly Magazine, Outdoor Design Source, Build Home, CompleteHome and many more.

© 2022 Universal Media Co. All Rights Reserved. Privacy Policy. Terms of Service. The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Universal Media Co.