Project trust work
When determining if a project trust account is required, the head contractor must assess whether more than 50% of the contract’s value is for project trust work.
Project trust work includes the types of work listed below relating to a building or swimming pool.
Construction work relating to a building
- Erection or construction of a building.
- Renovations, extensions or repairs of a building.
- Lighting and electrical work.
- Water supply, sewerage or drainage.
- Heating, ventilation and air-conditioning work.
- Installing prefabricated components.
- Laying wet pour rubber.
Related site work
- Site work related to construction work (e.g. the construction of retaining walls).
- Soil testing and site classification.
- Earthmoving and excavation.
- Scaffolding erection, management and removal.
- Preparing plans or specifications for project trust work.
- Work performed by an architect.
- Work performed by a registered professional engineer.
- Work performed by a surveyor.
- Mechanical services work.
- Fire protection work.
- Inspection and treatment of termite infestation or management systems.
- Contract administration (when they have also designed the building).
Inspection and advice
When associated with the building:
- carrying out a building inspection
- building certification work
- energy efficiency assessments
- fire safety advice.
- Swimming pool construction, installation, alterations and repairs (whether associated with a building or not).
There are additional criteria, other than the type of work being undertaken, that determine whether a trust account is required. See, Planning a trust account needed for more information or use the simple trust account tool to work out if your contract requires a trust account.