The BIF Act – Chapter 2, Project Bank Accounts hidden changes #1
The most recent changes to the BIF Act 2017 and Regulation included some changes which have gone relatively unnoticed. Most are innocuous but some have significant ramifications. Project Bank Account: Additional penalties have been included – s34A(1), 36A, 36B(1) & 36C. . s34A(1) – head contractors withdrawing retention with cause …