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Posted Sep 10, 2019 The Security of Payment Act: A Course On How The New Changes Will Affect Your Business
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DESCRIPTION COST: $375 (incl GST) PER PERSON ($325 (incl GST) PER PERSON IF THREE OR MORE FROM ONE COMPANY) Mid-session food and drinks provided A course on how the new changes will affect your business. If you are a contract administrator, project manager, developer, builder or subcontractor in the building and construction industry, don’t miss…

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Posted Aug 27, 2019 Deemed Statutory Trusts Proposal to Protect Subcontractors
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PROPOSED NEW STATUTORY TRUST ACCOUNT  In our recent article, Amendments to the Security of Payment Act are commencing 21 October 2019,1 we outlined some of the changes to the Security for Payment Act 1999 which will commence on 21 October 2019. The Government is also considering introducing a new Statutory Trust account to further protect…

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Posted Aug 15, 2019 Amendments to the Security of Payment Act are commencing 21 October 2019
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AMENDMENTS TO THE SECURITY OF PAYMENT ACT ARE COMMENCING 21 OCTOBER 2019 The amendments to the Building and Construction Industry Security of Payment Act 1999 1 (NSW) (SOP Act) will commence on 21 October 2019. On 19 July 2019 the Governor also approved the amendments to the NSW Building and Construction Industry Security of Payment…

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Posted Aug 12, 2019 Guidance on Security for Construction Projects: Industry Discussion Paper – December 2018
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10 POINT COMMITMENT In December 2018 the Construction Leadership Group (CLG)1 issued an industry discussion paper entitled “Guidance on security for construction projects”.2 The Security Discussion Paper addresses specific issues raised in June 2018 by the CLG with a 10 point commitment to the construction sector known as the “NSW Government Action Plan”.3 COMMITMENT No.…

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Posted Aug 08, 2019 THE NSW GOVERNMENT HAS APPOINTED A NEW BUILDING COMMISSIONER  
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The NSW Government has appointed building and construction expert, Mr David Chandler, as the State’s first Building Commissioner. Mr Chandler will start in the position on 14 August 2019. Premier Gladys Berejiklian said “the appointment of Mr Chandler was part of the NSW Government’s commitment to implementing the biggest overhaul to building laws in the…

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