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ARTICLE · 24 JUNE 2020

Security of payment in WA: the next frontier

Corrs Chambers Westgarth
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WA government plans to replace the Construction Contracts Act with new SOP laws that are more consistent with east coast laws.

AustraliaReal Estate and Construction
Chris Ryder
Chris Ryder
Spencer Flay
Spencer Flay
Kristy Eaton
Kristy Eaton
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The Western Australian Government has released an exposure draft Bill to replace the Construction Contracts Act 2004 (WA) with new security of payment laws that are more consistent with those in place on the east coast.

Background

The draft Bill has been released to key industry stakeholders for comment. It draws on some of the recommendations in the Security of Payment Reform in WA Building and Construction Industry Final Report (Fiocco Report dated October 2018) to replace the existing Construction Contracts Act 2004 (WA) (CCA) with new security of payment laws that provide an effective and fair process for securing payments under construction contracts in WA's building and construction industry.

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