QBCC Trust Requirements Demystified for Your Business

Trust compliance isn't just a requirement; it's a structured obligation under Queensland's Building Industry Fairness (Security of Payment) Act 2017. For head contractors and builders managing large-scale projects, the complexity of trust accounting under QBCC trust requirements can be a liability if not handled correctly. BuildTrust® delivers a purpose-built platform that aligns with the legislative framework, ensuring your trust operations remain compliant, transparent, and audit ready.

Automated Ledger & Reconciliation Tools: Capture every trust transaction within three business days, generate monthly reconciliation statements, and retain records for seven years.
Audit-Ready Reporting: Generate QBCC-formatted ledgers and reconciliation summaries and retain complete visibility over trustee and beneficiary transactions.
GST & Retention Trust Account Integration: Seamlessly calculate GST, manage retentions, and automatically record entries across both PTA and RTA in one platform.

BuildTrust ensures QBCC trust requirements, including individual ledgers for each beneficiary and trustee, recipient-created tax invoices, and payment claims, and maintains all trust account records by allowing bank reconciliation through automatic feeds. ABA file generation eliminates errors, provides clarity in reporting, and meets the rigorous demands of monthly reconciliation without delay.

The software's interface invites accounting firms into the ecosystem, strengthening collaboration while maintaining security through ISO27001:2022-certified data protection protocols. Whether managing one project or multiple, BuildTrust® provides real-time accuracy, complete compliance visibility, and simple access to data when audits call.

Secure Subcontractor Payments with Compliant Project Trust Account Management

BuildTrust® simplifies managing your project trust account management in Queensland, ensuring accuracy and compliance without the manual stress.