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The new
Building and Construction Industry Security of Payment Regulation 2020 (
New Regulation) commenced on 1 September 2020 (except for Schedule 2 which will commence on 1 March 2021).
The New Regulation repeals the
Building and Construction Industry Security of Payment Regulation 2008 and is designed to better facilitate and support the administrative functions of the
Building and Construction Industry Security of Payment Act 1999 (
the SOP Act).
Exempt residential construction contracts
Owner occupier construction contracts are contracts where the homeowners intend to the live in the premises. Previously, a residential builder could not use the mechanisms of the SOP Act to recover outstanding progress claims from homeowners.
Героизм особого порядка sovsekretno.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sovsekretno.ru Daily Mail and Mail on Sunday newspapers.