Skip to content

Proposals to change security of payment laws

22/09/2010

The Building and Construction Industry Security of Payment Act 1999 and the Contractors Debts Act 1997 were designed to preserve cashflow to contractors by allowing quick and dirty resolution of  construction disputes.   One of the proposals confounds logic by suggesting that a principal should prepare a response even before it even sees the adjudication application!    The NSW government has sought industry submissions about some, not all, of the changes.  Read the full text of the discussion paper.

Advertisements
One Comment leave one →
  1. Michael Wright permalink
    05/10/2010 11:20 am

    Agreed. It is a poor attempt to redress one of the larges problems with the SOPA, that of respondents (typically principals or public sector bodies) having limited time to respond to what are often voluminous claims from contractors.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s