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Security of Payment News

Tuesday November 20, 2018

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Best Practice in Security of Payment Laws Has Been Defined
Business
Wednesday September 12 2018

Best Practice in Security of Payment Laws Has Been Defined

“At noon last Friday, instead of receiving nearly $76,000 from a major client, we were given – two minutes before it (the client) closed before the...

The Security of Payment Act and its Important Consequences
Business
Thursday February 22 2018

The Security of Payment Act and its Important Consequences

The Security of Payment Act is meant to be critical for builders to get paid for construction works that they do.

Government Baulks at Subcontractor Protection on Commonwealth Projects
Business
Wednesday January 10 2018

Government Baulks at Subcontractor Protection on Commonwealth Projects

The Australian government has baulked at recommendations to afford greater protections to subcontractors and suppliers on Commonwealth government projects.

Project Bank Accounts – No Panacea to Payment Issues
Business
Tuesday November 28 2017

Project Bank Accounts – No Panacea to Payment Issues

Governments around the country are embracing project bank accounts as an act of faith rather than a result of considered analysis.

Queensland Gets a New Building Plan
Business
Thursday November 16 2017

Queensland Gets a New Building Plan

Queensland is set to implement a new building plan that will bring massive changes to many elements of the construction industry.

Four in Ten Construction Invoices Paid Late
Business
Tuesday November 7 2017

Four in Ten Construction Invoices Paid Late

Four in 10 invoices throughout the building and construction sector in Australia are paid late, a new survey suggests.

Queensland Introduces Building Industry ‘Fairness’ for Subcontractors
Business
Tuesday September 5 2017

Queensland Introduces Building Industry ‘Fairness’ for Subcontractors

Queensland has ushered in a new era of ‘fairness’ in the building sector as the government in that state introduces legislation designed to improve protection for...

The Sleepwalking States: Why is Security of Payment Going Ignored?
Business
Tuesday September 5 2017

The Sleepwalking States: Why is Security of Payment Going Ignored?

What is happening in Tasmania, South Australia, and the ACT?

What Subcontractors and Suppliers Need to Know About Head Contractor Insolvencies
Business
Thursday August 24 2017

What Subcontractors and Suppliers Need to Know About Head Contractor Insolvencies

When Ewan McArthur won a job worth more than $100,000 on a state government project for demolition and asbestos removal work as part of an upgrade...