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Project bank accounts
Find out about project bank accounts (PBAs) for the building and construction industry.
The Building Industry Fairness (Security of Payment) and Other Legislation Act 2020 received assent on 23 July 2020.
This Act will replace project bank accounts with a new trust account framework, delivering a more streamlined framework. Read about the new trust account framework.
The following information only applies to project bank accounts for certain government contracts tendered after 1 March 2018 up to 28 February 2021.
- Last reviewed: 4 Jun 2020
- Last updated: 11 Sep 2020