Amendments to the Security of Payment Legislation
The Building and Construction Industry Security of Payment Amendment Act 2018 and the Building and Construction Industry Security of Payment Amendment Regulation 2019 commences on 21 October 2019.
NECA Legal's Senior Associate, Lauren Howe, recently conducted a webinar outlining the new laws affecting electrical contractors in NSW. The webinar discusses the following topics:
- The requirements of Payment Claims and the Service of Payment Claims.
- Reduced Payment terms.
- The issuing of Payment Claims upon the termination of a contract.
- Increased Penalty Rates.
- Powers of authorised officers.
- Liability of directors under the Act.
If you are unsure about these new laws, NECA encourages you to watch the video here on NECA.TV.
For a copy of the webinar slides, click here to download the slides.