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ARTICLE · 29 JULY 2019

New South Wales security of payment changes

McCullough Robertson
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What you need to know and do in response to significant amendments to Building & Construction Industry SOPA amendments.

AustraliaReal Estate and Construction
Matt Bradbury
Matt Bradbury
Russell Thirgood
Russell Thirgood
Kathryn Te'O
Kathryn Te'O
Erika Williams
Erika Williams
Darren Williams
Darren Williams
Sasha Baker
Sasha Baker
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WHO SHOULD READ THIS

  • Principals, contractors, subcontractors, and suppliers in the construction industry who operate in New South Wales.

THINGS YOU NEED TO KNOW

  • Significant amendments to the Building and Construction Industry Security of Payment Act 1999(NSW) will commence on 21 October 2019.

WHAT YOU NEED TO DO

  • Ensure that you are familiar with the effect of the changes. The re-introduction of the endorsement for payment claims means that claimants may have to change their payment claims if they are intended to be made as statutory payment claims.

The New South Wales government has announced that the latest round of security of payment reforms will commence on 21 October 2019.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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