The Issue

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The Building and Construction Industry Security of Payment Act 1999 (the Act) is designed to ensure that a person can receive payments under a construction contract for carrying out construction work, or providing goods and services related to construction work.

The Act aims to ensure that contractors and subcontractors are paid promptly, that cash is moved down the contracting chain faster and that disputes over payments can be resolved fairly and quickly.

We began reviewing the Act in 2015 to find out if the current security of payment laws are working as they should.

Stakeholder feedback to the review confirmed there is strong support for the continued operation of the Act, however, there was consensus that an opportunity exists for reform to enable it to more effectively deliver its objectives.

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The Issue consultation
Office of the registrar General
McKell Building
2-24 Rawson Place
Sydney NSW 2001