Queensland Building and Construction Commission Act 1991 s67S-67T: ss 67S and 67T Accept approved securities in place of cash retention (trade contracts and subcontracts)

For construction management trade contracts and subcontracts, a contracted party required to give cash security may instead lodge a government bond or a valuable instrument from an approved security provider of equal value; and a contracted party may replace cash retention or cash security already held with such a security, whereupon the contracting party must pay it the cash amount. If the provider stops being approved, the contracted party must replace the instrument on request.