Security of payment reform bill – Reintroduced in Western Australia

Building and Construction and Dispute Resolution Special Counsel, Daniel Morris, and Director, Murray Thornhill discuss how a security of payment reform Bill has been reintroduced, and what likely measures will be implemented if the Bill is passed.

This week has seen the Unions weigh into the debate about civil and construction insolvency in the aftermath of the Pindan Construction collapse.

This is hardly surprising given the 68 unfinished projects and over 500 civil and construction contractors employed on Pindan sites across Western Australia as we reported last week.

However, civil and construction insolvencies are nothing new, having a history of parliamentary reports and calls to action from both sides of politics, spanning almost three decades. The most recent of these, a report by Western Australian Barrister, John Fiocco, has resulted in a security of payment reform Bill being tabled in Western Australia's legislature.