Coronavirus (COVID-19) update: We are currently updating information following recent Queensland and Australian Government announcements. Find assistance and support for coronavirus affected businesses and industries.

When a project bank account is needed

The head contractor is responsible for deciding whether a building and construction project requires a project bank account (PBA).

They need to consider several factors in making this decision, including whether:

  • the project meets the threshold tests
  • the work is classed as 'building work'
  • they have suppliers or subcontractors
  • their subcontractors are related entities
  • their project is exempt from a PBA.

Sometimes, a contract variation or amendment may result in a project needing a project bank account, even if it didn't meet the criteria when the project began.

This guide explains all the factors that a head contractor must consider when deciding whether to set up a PBA for a project.


Coronavirus (COVID-19) business support: 1300 654 687

General enquiries: 13 QGOV (13 74 68)