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

    In regards to retentions, there needs to be a clause where the client / principal notifies the contractors proof of both the practical completion date for 1st release of retentions and then proof of the final 12 month defect period date. Currently as a contractor we are averaging 20 months on a 12 month defect period before we get final payment but as we have no proof of the completed dates we have no power to enforce the security of payment ACT to get our money

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

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