Build the project trust and retention money compliance register for the project
Key facts
- Human involvement
- GreenLawyer review
- How AI is used
- Draft the register from the contract values, dates and retention terms, applying the threshold and account requirements of the applicable regime, and list the records and notices outstanding for each account.
- What the lawyer must review
- Confirm the contract values and the dates the thresholds were reached, confirm which contracts the regime actually catches, and advise on the consequence of an account that should have been opened and was not.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | Draft the register from the contract values, dates and retention terms, applying the threshold and account requirements of the applicable regime, and list the records and notices outstanding for each account. |
| Lawyer | Confirm the contract values and the dates the thresholds were reached, confirm which contracts the regime actually catches, and advise on the consequence of an account that should have been opened and was not. |
Checklist
- Confirm the instructions, the jurisdiction and the complete relevant material before starting.
- Confirm the contract values and the dates the thresholds were reached, confirm which contracts the regime actually catches, and advise on the consequence of an account that should have been opened and was not.
- Check the output against the source documents named in it before it is relied on.
Forms and precedents for this task
| Form or precedent | Kind | AI use | Summary |
|---|---|---|---|
| Queensland project trust and retention trust register | Checklist | AI use Yellow | Register for whether a Queensland contract needs a project trust account, and for the project trust and retention trust accounts once an account exists. |
Signed-in accounts can read the full text of each one. All precedents.
Sources
- https://www.nsw.gov.au/housing-and-construction/compliance-and-regulation/security-of-payment/retention-money · 2026-09-27
- https://www.housing.qld.gov.au/news-publications/legislation/building/trust-accounts/trust-account-framework · 2026-09-27
- https://www.squirepattonboggs.com/insights/publications/retention-trust-scheme-now-applies-to-au-20-000-plus-construction-contracts/ · 2026-09-27
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.