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Have your say on the Security of Payment Discussion Paper

Posted by LNA Master Landscapers Association on 20 January 2016

Security of payment laws are designed to ensure that a person can receive payment under a construction contract for:

  • carrying out construction work; or
  • providing any goods and services related to that work.

Fair Trading has released a Discussion Paper to guide discussion about whether the current laws are working as they should and outline potential options for improving them. The paper covers topics including:

  • progress payments
  • how payment claims are made
  • payment due dates and schedules
  • suspension of work when claims are not paid
  • retention monies
  • adjudication of disputes
  • other issues concerning security of payment laws.

To view the discussion paper click here

To view an article which appeared in the latest Interior Fitout magazine, published by ASOFIA click here

We encourage Members who would like to have their say to put their ideas forward.  Submissions can be made by:

Email to: policy@finance.nsw.gov.au

Post to:

Security of Payment Review
Policy and Legislation
NSW Fair Trading
PO Box 972
PARRAMATTA NSW 2124

Submissions on the Discussion Paper close at 5pm on 26 February 2016.

 

 

Author: LNA Master Landscapers Association
Tags: Financial Industry News

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