Legal Talk March 2017: What is the Security Of Payments Act?

construction subcontractors

construction subcontractors Source: AAP

The following information is brought to you by a lawyer from the David Chang Legal. Interview with Jihoon Chang.


Are you employing a contractor to help with an odd job around the house? Do you have a contract or an existing payment plan? Be careful as there are legislative provisions that regulate how and when you pay those workers. The Building and Construction Industry Security of Payment Act 1999 (NSW) is a state based legislation that ensures fair and timely payments for work and supplies delivered in the building and construction industry.

The Act protects the rights of construction workers to receive progress payments for goods or services delivered.

 

You can listen to the story regarding this issue on SBS Korean.

 






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