Bank account
Project Trust Account
Project Trust Account is a regulated trust account from Westpac for Australia. The product is currently marked active.
An official product page is available in the source record. Rates, limits, fees and other conditions can change over time, so current terms should be checked against the official product information.
An official product page is available in the source record. Rates, limits, fees and other conditions can change over time, so current terms should be checked against the official product information.
Product overview
Project Trust Accounts are designed for construction projects in Queensland, to help you comply with your banking requirements under the Building Industry Fairness (Security of Payment) Act 2017. An account must be opened for each project trust to receive payments made under the construction contract, and to pay contractors.
Product details
- Classification
- Bank Account · Regulated trust account
- Country
- Australia
- Status
- Active
- Updated
- 24 Jun 2026