Security of Payment – Trust Accounts
A head contractor that is a party to a construction contract with a principal with a value of at least
29
09, 2020
29
09, 2020
Owner-Occupier Construction Contracts to be brought into the Security of Payment Process
On 1 September 2020 the Building and Construction Industry Security of Payment Regulation 2020 (NSW) (“the Regulation”) came into effect in NSW.
29
09, 2020
New Security of Payment Regulations Commence
On 1 September 2020, the NSW Government handed down the Building and Construction Industry Security of Payment Regulation 2020 (2020
28
08, 2020
Five Key Considerations when using the Security of Payment Act
The Building and Construction Industry Security of Payment Act 1999 (NSW) (SOP Act) provides a 'fast track' for the determination
1
04, 2020
Court punishes parties who fail to comply with the SOP Act
Case Review: Parrwood Pty Ltd v Trinity Constructions (Aust) Pty Ltd [2020] NSWSC 208 In the recent decision in Parrwood
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03, 2020
Phoenixing – What is it? And what will the new legislation do to combat it?
On 18 February 2020, the Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 (Cth) (Act) came in to force.1 The
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03, 2020
What is the NCW4 contract?
In June 2019, Austroads and the Australian Procurement and Construction Council (APCC) released a new General Conditions of Contract for
2
12, 2019
Security in construction contracts – What it is and what you need to know
Security is a key feature of construction contracts. It is important for both the principal and contractor to understand the
28
10, 2019
Payment Schedules – The devil is still in the detail
The NSW Court of Appeal’s recent decision in Style Timber Floor Pty Ltd v Krivosudsky[1] provides an important reminder of
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10, 2019
The time has come! SOP Changes take effect 21 October 2019
It seems like forever since the NSW Government passed the amendments to the Security of Payment Act in November of