Apply to become a RACCA member

member logo2

Start your application for membership here

Visit and like RACCA Australia Facebook!

facebookLike us on Facebook to stay up-to-date with industry news, events and free members resources.

Follow us on Twitter!

Twitter icon

Follow RACCA Australia on Twitter to stay up-to-date with industry news and events. You can also follow fellow industry figures and companies on Twitter!

Follow us on LinkedIn!

linkedin-911794_640

Follow RACCA Australia on LinkedIn to stay up-to-date with industry news and events. You can also follow fellow industry figures and companies on LinkedIn.

    
[news-list]

Have your say on Security of Payment Laws

NSW Fair Trading have invited the public to put forward ideas of how to improve Security of Payment Laws.

NSW Fair Trading summarise Security of Payment Laws as laws “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.”

NSW Fair Trading have released a new online survey as well as a discussion paper. The online survey is a follow up to a previous online survey that was released last August, to find out what areas of the Building and Construction Industry Security of Payment Act 1999 (NSW), are of interest to industry groups and their members.

The NSW Fair Trading website states that the purpose of the discussion paper is to “guide discussion about whether the current laws are working as they should and outline potential options for improving them.” The topics that the discussion paper covers, includes but is not limited to: how payment claims are made, payment due dates & schedules, suspension of work when claims are not paid, retention monies and adjudication of disputes.

The public have been provided with the option to both complete the online survey and to make a submission if they wish. Both the online survey and submissions close on Friday (Feb 26).

More information, including where to find the online survey and discussion paper, as well as where and how to make a submission, can be found here.

 

Related Coverage:

-Important changes to the NSW Building and Construction Industry Security of Payment Act

-NSW Government establishes trust scheme for building industry

-Retention trust scheme commences

 

 

 

 

<< RACCA News

« Back to News