This was highlighted when there were collapses of some major construction companies such as Arrow International, Ebert Construction, Stanley Group, and Tallwood Holdings. The main issues that were identified at the time was the trust requirement has contradictions that limit how effective it is for protecting retention money. There were few incentives to comply with the regime, and there's limited information provided to subcontractors regarding the retention money held to them. This bill intends to deal with that, in particular the information provided to subcontractors. They will know—the head contractors will be required to notify how that money is being held, and exactly what is being held. The bill also addresses issues on details of how contractors can comply with the trust requirement, incentivising compliance with the regime, and increasing transparency for subcontractors. 