Articles

Posted Sep 10, 2014 Recent Home Building Act Amendments

On 5 June 2014 the Home Building Amendment Bill 2014 was passed by NSW parliament. Changes to the Act have been introduced to reduce unnecessary red tape for the industry as well as to ensure appropriate protection for consumers. There are over 50 reforms included in the Home Building Amendment Bill 2004. The amendments include […]

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Posted Apr 03, 2014 Security of Payment Update

The Government has announced that the changes to the Building and Construction Industry Security of Payment Act 1999 will commence on 21 April 2014. Changes being implemented The changes being implemented on 21 April 2014 will include: The introduction of a maximum payment term for progress payments; The requirement that payment claims made by a […]

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Posted Feb 05, 2014 Defects must be dealt with

Defects must be dealt with Defects are expected in all new buildings with recent evidence indicating that there is a high rate of defects in new strata buildings in NSW. For this reason, it is important that Strata Managers know how to deal with defects as they arise. According to a study undertaken by the […]

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Posted Dec 05, 2013 The End of PPSR Transitional Period is Near

On 31 January 2014, the period of temporary protection provided under the Personal Property Securities Act 1999 (PPSA) for security interests created before 30 January 2012 will end. This will affect many security holders who currently rely on the transitional arrangements provided under the PPSA to protect their interests. During the transitional period of the […]

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Posted Nov 29, 2013 Security of Payment Reform: Unpacking the Changes

Protecting Retention Monies and Release of Consultation Paper In recent publications we have provided an overview of some of the changes that have been made to the Building and Construction Industry Security of Payment Act (NSW) 1999 (SOPA). Here we discuss the implications of the reforms specifically with regard to retention monies. The reform The […]

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