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Security of Payments Act News

Monday September 24, 2018

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WA Legislation to Help Subcontractors Get Paid
Business
Monday September 26 2016

WA Legislation to Help Subcontractors Get Paid

Legislation has been introduced in the WA parliament with the aim of protecting payments to subcontractors in the construction industry.

Are Security of Payment Laws Being Weakened?
Business
Thursday June 30 2016

Are Security of Payment Laws Being Weakened?

At first glance, when you look around the political landscape, ideas about security of payment legislation in Australia being weakened or undermined might appear to be...

Is NSW Security of Payments Act Delivering for Subcontractors?
Business
Thursday February 25 2016

Is NSW Security of Payments Act Delivering for Subcontractors?

For subcontractors within the construction sector in New South Wales, experiences such as that of Michael Ryan have become all too common in recent years.

In Head Contractors We Trust
Business
Monday April 13 2015

In Head Contractors We Trust

On 1 May 2015, amendments to the NSW Building and Construction Industry Security of Payment Regulation (2008) will come into force, requiring head contractors to hold...

The Joys of ‘Setoff’ in a Construction Contract
Business
Monday April 13 2015

The Joys of ‘Setoff’ in a Construction Contract

For the uninitiated, dumb and desperate, setoff is an evil tool used by the upstream client on the contractor/subcontractor on an ad hoc basis, without any...

Companies in Liquidation and the Security of Payment Act
Business
Monday March 30 2015

Companies in Liquidation and the Security of Payment Act

On 24 February 2015, the Supreme Court of Victoria made a decision that clarifies the entitlements of companies in liquidation under the Building and Construction Industry...

Security of Payments: No Right to Payment After Termination
Business
Sunday February 8 2015

Security of Payments: No Right to Payment After Termination

The case of Patrick Stevedores Operations No. 2 Pty Ltd v McConnell Dowell Constructors (Aust) Pty Ltd was heard in the Supreme Court toward the...

Construction Trust Scheme Falls Short: Expert
Business
Wednesday December 17 2014

Construction Trust Scheme Falls Short: Expert

A leading debt recovery expert has blasted a new scheme by the New South Wales government which will require contractors working on construction projects to hold...

Six Things to Leave Off Your Next Invoice
Business
Tuesday August 5 2014

Six Things to Leave Off Your Next Invoice

There is no mystery around the purpose of an invoice issued for construction work.