Milestones

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  • August 2018: exposure draft Bill with accompanying explanatory statement was released, and a consultation paper on a proposal for a statutory trust for public consultation
  • September 2018: Consultation ended
  • 21 November 2018: The Building and Construction Industry Security of Payment Amendment Bill 2018 passed Parliament
  • 28 November 2018: The Building and Construction Industry Security of Payment Amendment Act 2018 assented
  • December 2018: Options paper released for consultation on the implementation of the Security of Payment Reforms
  • May 2019: Draft Regulation released for public consultation
  • June 2019: Consultation ends
  • July 2019: Draft Regulation approved by the Governor
  • 21 October 2019: The Building and Construction Industry Security of Payment Amendment Act and the Building and Construction Industry Security of Payment Amendment Regulation 2019 will commence.

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