Construction Income Protection – CIP commenced on 1st of March 2001 to provide income protection and portability of sick leave benefits for workers in the building and construction industry within Queensland and Northern Territory. On 6th September 2004 Construction Income Protection Ltd was established to oversee the Fund. This company replaced Construction Income Protection (Qld) Pty Ltd.

The Fund has the full support of the employee unions and the major employer association in the Queensland building and construction industry. The benefits payable by the Fund provide building workers an income whilst off work due to long-term illness or injury for up to 2 years (104 weeks). It also allows workers to bank and utilise untaken sick leave that previously would be forfeited when the employee leaves employment.

The board has an equal number of employer and worker representative directors nominated by each of the Queensland Master Builders Association and building unions representing the workers.