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

Security Of Payments Act Updates

Payment Claims

A person referred to in section 8 (1) who is or who claims to be entitled to a progress payment (the
“claimant” ) may serve a payment claim on the person who, under the construction contract concerned, is or may be liable to make the payment.

Reference Dates

On and from each reference date under a construction contract, a person: who has undertaken to carry out construction work under the contract, or who has undertaken to supply related goods and services under the contract, is entitled to a progress payment.

BCIPA QLD Reforms Commence 1 September 2014

BCIPA QLD Reforms Commence 1 September 2014

Construction Contracts

Under the Security Of Payments Act a “construction contract” means a contract or other arrangement under which one party undertakes to carry out construction work, or to supply related goods and services, for another party.

Security Of Payments Act NSW 2013 Amendments

Security Of Payments Act NSW changes passed through the NSW Parliament in October 2013.

The three amendments are:

the introduction of maximum payment terms for progress payments, ie: 15 business days and 30 business days;
the requirement that when payment claims are made by a contractor they must include a supporting statement that declares that all subcontractors have been paid what is due and payable to them at the time of making the claim; and
that an invoice will no longer need to have the endorsement that it is being made under the Act to be a valid payment claim.

Security Of Payments Act NSW

The Building & Construction Industry Security Of Payments Act 1999 is the New South Wales Legislation which enables contractors, subcontractors, consultants and suppliers who have completed construction work and or supplied related goods and services to press for their entitlements under the Construction Contract.

Security Of Payments Act Guide

This a Guide for Building & Construction Contractors who need to make a claim under the Security Of Payments Act because a dispute has arisen and / or the debtor’s cash-flow is under pressure and he is slow making payment.