BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) AND OTHER LEGISLATION AMENDMENT ACT 2020 - SECT 84 Amendment of sch 2 (Dictionary)

BUILDING INDUSTRY FAIRNESS (SECURITY OF PAYMENT) AND OTHER LEGISLATION AMENDMENT ACT 2020 - SECT 84

84 Amendment of sch 2 (Dictionary)

(1) Schedule 2 , definitions
"administrator" ,
"appeal" ,
"building contract" ,
"building work" ,
"construction work" ,
"contracted building work" ,
"controller" ,
"disputed funds trust account" ,
"dispute resolution process" ,
"fire protection work" ,
"general trust account" ,
"head contractor" ,
"insolvency official" ,
"liquidator" ,
"maintenance work" ,
"payment dispute" ,
"principal" ,
"project bank account" ,
"provisional liquidator" ,
"related entity" ,
"retention trust account" ,
"supplier" and
"trustee in bankruptcy" —

omit.

(2) Schedule 2 —

insert—


"account review report" , for chapter 2, part 4, see section 57A(2).


"approved way" , for giving particular documents or making particular applications, means giving the documents, or making the applications, in a way approved by the commissioner under section 198A.


"approved financial institution" , for chapter 2, see section 8.


"building contract" , for chapter 2, part 3, see section 30.


"construction work" see section 65.


"contract administration" , for chapter 2, see section 8.


"contracted party" , for chapter 2, see section 8.


"contracted work" , for chapter 2, see section 8.


"contracting party" , for chapter 2, see section 8.


"financial institution" means an authorised deposit-taking institution within the meaning of the Banking Act 1959 (Cwlth) .


"head contract" , for chapter 2, part 2, see section 10.


"head contractor" —

(a) for chapter 3, part 4A, see section 97A; or

(b) for chapter 3, part 6A, see section 100A.

"hospital and health service" , for chapter 2, see section 8.


"mechanical services work" see section 8.


"minimum contract price" —

(a) for chapter 2, part 2, see section 10; or

(b) for chapter 2, part 3, see section 30.

"payment withholding request" see section 97B(2).


"project trust" see section 11.


"project trust account" see section 10.


"project trust work" , for chapter 2, see section 8A.


"protected work" , for chapter 2, see section 8B.


"related entity" see section 10A.


"registered company auditor" , for chapter 2, part 4, see section 50.


"registrar of titles" means the registrar of titles under the Land Title Act 1994.


"retention trust" see section 31.


"retention trust account" see section 30.


"special investigator" means a person appointed as a special investigator under section 53D.


"trust account" , for chapter 2, part 4, see section 50.


"trust records" , for chapter 2, see section 52(1).

(3) Schedule 2 , definition contract price , paragraph (a) , ‘ section 10 ’—

omit, insert—

section 9

(4) Schedule 2 , definition subcontractor beneficiary , ‘see section 8 ’—

omit, insert—

part 2, see section 10

(5) Schedule 2 , definition variation , paragraph (a) , ‘building’—

omit.