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ARTICLE · 18 JUNE 2020

Australian Building and Construction Commission audit campaign: mandatory reporting obligations

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ABCC to conduct audit of the security of payment regime, focusing on entities that have not complied with reporting requirements.

AustraliaReal Estate and Construction
Christine Jones
Christine Jones
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ABCC audit campaign: Mandatory reporting obligations

At the end of 2019, the Australian Building and Construction Commission (ABCC) announced its intention to conduct an audit campaign of the security of payment regime, focusing on code covered entities that have failed to report disputed or delayed payments to the ABCC.

The Code for Tendering and Performance of Building Work 2016 (Code), issued under section 34 of the Building and Construction Industry (Improving Productivity) Act 2016 (Cth) (Act), sets out the Commonwealth Government's expected standards of conduct for all building contractors and building industry participants that seek to be, or are, involved in 'building work' (as defined in s 6 of the Act) that is directly or indirectly funded by the Commonwealth.

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