Skip to content

The payment pipeline in the NSW construction industry

01/12/2010

Previous posts outlined proposals for amendments to the Building and Construction Industry Security of Payments Act.  An amending Bill has been read in the NSW Parliament for the first time.  It allows a subcontractor down the food chain to “freeze” payments owed to its debtor by a head-contractor.  The freeze will persist until the debt is recovered or the issue is adjudicated.  Here is the Building and Construction Industry Security of Payments Amendment Bill 2010

 

 

 

John Hodgkinson

 

Advertisements
No comments yet

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