Amid ongoing controversy surrounding insolvency levels within the building sector, ways in which security of payment (SOP) legislation could be reformed to facilitate freer cash flow throughout the construction industry supply chain have been the subject of debate.

Last December, for instance, the federal government announced a review into SOP legislation across states and territories – although the terms of reference for that review stopped short of enabling consideration of what many would like to see in terms of a singular SOP regime to be administered at a…