Builder Assist Logo

Instant Download of Documents and Procedures for the Australian Building and Construction Industry to assist Developers, Builders, Tradespeople and Owner Builders.

Select Page

SECURITY OF PAYMENTS ACT

Providing Business tools for the Australian Building and Construction Industry to assist Developers, Builders, Owner Builders and Tradespeople

Security of Payments Act

The object of the Security Of Payments Act is to ensure that any person who undertakes to carry out construction work (or who undertakes to supply related goods and services) under a construction contract is entitled to receive, and is able to recover, progress payments in relation to the carrying out of that work and the supplying of those goods and services.

The Building & Construction Industry Security Of Payments Act legislation that applies is determined by which state where the construction work was carried out.

Return to Library

 

SSL

Cart