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ARTICLE · 09 NOVEMBER 2018

Bigger bite for the NSW Security of Payment Act

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This Bill includes a number of changes to the legislation that will impact all parties in the NSW construction industry.

AustraliaReal Estate and Construction
Michael Earwaker
Michael Earwaker
Thomas Denehy
Thomas Denehy
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The NSW Parliament will soon pass into law important amendments to the Building and Construction Industry Security of Payment Act (1999) (Act).

The Building and Construction Industry Security of Payment Amendment Bill 2018 (Bill) has been tabled in the NSW Parliament. In the usual course of things, we can expect this to be law during 2019.

Formulated as a result of the Collins Inquiry,1 the publication of the Murray Report,2 the draft bill and the consultation period, the Bill includes a number of changes to the legislation that will impact all parties in the construction industry.

WHAT ARE THE KEY ISSUES FOR INDUSTRY PARTICIPANTS?

Contractors, owners and other industry participants should:

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