New Amendments by the QBCC
What To Do If You Receive an Announcement?
If you’re on the receiving end of such an announcement you’ll need to apply to court if you must, for example, replace the subcontractor to finish your own contract on time without being prejudiced. You probably want to try for consent first because it remains to be seen how receptive the courts will be to such applications, especially of the income from your contract is the main source for the subcontractor’s proposed plan.
All of which means that you might need to revisit your existing contracts to incorporate the new provisions or risk parts of your contracts not being enforceable.