What the official record says
This Act is the Construction Contracts (Retention Money) Amendment Act . This Act comes into force on the day that is 6 months after the date on which it receives the Royal assent. This Act amends the . Replace sections 18A to 18F and the cross-heading above section 18E with: In this subpart — has the meaning set out in section 18FB and have the meanings set out in , in relation to a complying instrument, means the amount of retention money held by party A for party B that is protected by the instrument has the same meaning as in of the has the meaning set out in means a trust created by under which party A (or a replacement trustee) holds retention money for party B. This subpart applies if a commercial construction contract allows one party to the contract ( ) to withhold an amount that