Security of Payment Amendment Regulation

Submission cover sheet

  • Name of organisation or individual making this submission

    Anonymous

Questions on possible options

  1. Do you support the Regulation? Please provide comments

    From many years of experience on the contractor and subcontractor sides, it is baffling to me that payment by the head contractor to a subcontractor is 30 business days for non-residential and 10 for residential. The industry relies on cash flow and needs to to be uniform. I would suggest making the non-residential payments times the same as residential ie 10 days.

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Website https://www.fairtrading.nsw.gov.au

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