Building & Construction Industry Security Of Payments Act
Powerful Legislation
For Construction Debt Recovery

Security Of Payments Act

The purpose of this website is to provide assistance to people and businesses who need to :

making a claimMake A Claim

applying for adjudicationApply For Adjudication

enforcing the judgementEnforce A Judgement

defending a claimDefend A Claim

Security Of Payments Act Is a Fast 3 Step Process

“The object of the Security Of Payments Act is to ensure that any person who undertakes to carry out construction work (or who undertakes to supply related goods and services) under a construction contract is entitled to receive, and is able to recover, progress payments in relation to the carrying out of that work and the supplying of those goods and services.”

This site provides a comprehensive Building & Construction Industry Security Of Payments Act guide to assist you in determining where you are at in the process and what is your next step.

The Security Of Payments Act is state based legislation. Click on your state below for information about the Security Of Payments Act regulations that apply to your claim.

Making a claim under the Security Of Payment Act and the BCIPA starts with serving a valid payment claim. Use the Online Claim Form button to your right or below to commence the process that will lead to adjudication and a fast enforceable judgement.

The Building & Construction Industry Security Of Payments Act legislation that applies is determined by which state where the construction work was carried out.

The Building & Construction Industry Security Of Payments Act legislation provides for a payment dispute resolution that is controlled by strict time frames and processes. Unlike traditional debt recovery and litigation time and cost is predictable and reliable.

NSWSecurity of Payment Act

QLDSecurity of Payment Act

VICSecurity of Payment Act

TASSecurity of Payment Act

A.C.T.Security of Payment Act

S.A.Security of Payment Act

Security Of Payments Act Changes Coming Nationwide

The Federal Government has appointed John Murray AO to review current Security Of Payments Act legislations of each state, consult industry stakeholders and report to government with recommendations to replace state base Security Of Payments Act laws with one federal Security Of Payments Act law.

Security Of Payments Act laws remain the fastest, least costly, and most successful method of solving payment disputes and recovering bad debts in the building & construction industry. This Federal Government initiative will streamline the Security Of Payments Act processes for those who work across multiple states.

Security Of Payments Act NSW

Changes to the Building & Construction Industry Security Of Payment Act 1999 NSW Legislation include requirements that have been detailed in the draft Regulation which was open to the public for comment up to 15 January 2014, now applies to new contracts formed on or after 21 April 2014 between head contractors (or principals) and subcontractors for non-residential building projects worth over $20 million.

The changes to Security Of Payments Act NSW are:

• Head contractors are now required to deposit subcontractors’ retention monies into approved bank accounts with approved deposit-taking institutions.
• These Retention monies are not available to head contractors for their general use.
• Fines of up to $22,000 for breaches of the proposed Regulation now apply .
• Head contractors are now required to undergo an annual audit for each account in operation.
• Compliance officers are now empowered to investigate and obtain information on individual accounts where complaints are made in respect of Security Of Payments Act NSW claims.

We welcome your feedback on how the Security Of Payments Act NSW and it’s processes can be improved.