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ARTICLE · 19 DECEMBER 2018

Building and Construction Industry Security of Payment Amendment Act 2018 (NSW)

Holding Redlich
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The Amendments form part of NSW's response to the Murray Report into Security of Payment legislation around Australia.

AustraliaReal Estate and Construction

On 21 November 2018 the NSW Government passed the Building and Construction Industry Security of Payment Amendment Act 2018 (the Act). The Act forms part of New South Wales' formal review of the Building and Construction Industry Security of Payment Act 1999 (NSW) (SOPA) which commenced in 2015. The Amendments also form part of NSW's response to the Murray Report into Security of Payment legislation around Australia. The amendments have not yet commenced. The government is presently considering whether some amendments can commence prior to the government entering caretaker mode ahead of the election, or if the whole package will wait until the regulation is developed. The Regulation is likely to take well into next year.

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