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Posted Oct 25, 2018 SOPA Bill – Some Key Changes
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After an extensive review and consultation process which commenced in 2015; the NSW Government introduced the Building and Construction Industry Security of Payment Amendment Bill 2018 of 24 October 2018.  According to the second reading speech, the Bill seeks to increase cashflow and transparency  protections in the contracting chain and “to simplify and clarify the […]

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Posted Oct 25, 2018 SOPA Reform Bill Released on 24 October 2018
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NSW is reforming security of payment laws which protect contractors and suppliers to construction projects. An amending Bill was introduced on 24 October 2018 into the NSW Parliament to promote cash flow and transparency in the contracting chain.  Progress claims The concept of a “reference date” will be removed from the legislation.  Progress claims may […]

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Posted Oct 23, 2018 “Off the plan” and “digital savvy” property Bill introduced
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“This reform recognises that the property industry is moving towards a 100 per cent digital future.” The Hon. David Clarke, Second Reading Speech A new bill was introduced into Parliament on 16 October 2018 to provide off the plan protections for consumers and to smooth the way for fully electronic and paperless conveyancing transactions. New […]

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