Security of Payment History
Security of Payment adjudication in Australia is based on the UK Housing Grants Construction and Regeneration Act 1996 and was extensively debated, workshopped and subjected to many parliamentary reviews throughout the 1990′s.
Finally the Australian state of NSW bit the bullet and introduced the NSW Building and Construction Industry Security of Payment Act 1999 which commenced in March 2000.
Subsequently the NSW Act was mirrored by Victoria and after being amended in 2002 formed the baseline which influenced “Security of Payment” legislations across Australia, New Zealand and Singapore.
The “Security of Payment” model has stood the test of time and will be with us well into the future because it works for the best interest of the building and construction industry and the economy in which it operates.
Able Adjudication will endeavour to provide the reader a resource which will enable them (in time) to track the history of this important type of legislation in Australia and hopefully across the world.
- United Kingdom (still to come)
- New South Wales
- Queensland (still to come)
- Victoria (still to come)
- Australian Capital Territory (still to come)
- Tasmania (still to come)
- South Australia (still to come)
- Western Australia (still to come)
- Northern Territory (still to come)
- Singapore (still to come)
- New Zealand (still to come)