Key Points:
The Queensland Government's contemplated further
reforms to security of payment legislation are wide-ranging and
could impose significant change on the administration of
construction contracts.
In December 2015, the Queensland Government (Department of
Housing and Public Works) released a
Security of Payment discussion paper that asks for written
submissions about how Queensland's current security of payment
regime can be improved to better protect the interests of
subcontractors, and ensure that they get paid in a fair and timely
manner.
The discussion paper represents a continuation of the journey to
attain security of payment for construction contractors. It comes
less than two years since the last round of reforms began to be
implemented through the 2014 amendments of the 2004 BCIPA
legislation. The focus this time is said to be on subcontractors, a
group that has long been the reason for the introduction of
legislative measures. However,
