1. Whether the recent amendments to the NSW Building and Construction Industry Security of Payment Act are likely to achieve the stated outcomes – to reduce insolvency in the building and construction industry in NSW;
2. The proposed amendments to the Queensland Act which proposes three key areas of reform – the appointment of adjudicators and the adjudication process, timeframes for claimants and respondents and the provision of additional information;
3. Whether the amendments to the Queensland Act are more likely to have a positive effect on insolvency in the industry; and
4. Given the ongoing fragmentation of security of payment legislation in Australia, whether there is a case for harmonisation.
Avid readers of this site will known that I will be suggesting that answers are probably:
2. The proposed amendments are beneficial
3. No, but they have other merits
And I will also talk about how to get around the new NSW amendments, if you are a head contractor and do not fancy risking a jail term because of a supporting statement.
If you have an interest in Security of Payment and want to come along, see SOCLA Event Invitation