Does a demand on performance security need to strictly comply with the formal requirements of the instrument? Or is near enough good
What might a national model of Security of Payments look like?
A recent report commissioned by the Federal Government has made significant recommendations about Security of Payments (“SOP”) Legislation throughout
Non-Conforming Products – Building product safety is now everyone’s responsibility
You might remember a few tragic incidents that took place over the last couple of years where particular cladding types on buildings resulted in
Ipso Facto Clause Amendments – Simple Precautions to Protect Your Business
Upcoming Corporations Act amendments affect "ipso facto" clauses. That is, provisions which allow parties to terminate if external administrators are
Understanding Company Insolvency – Administration, Liquidation and Receivership
In the building and construction industry, it’s likely that at some point you’re going to have a contract on foot with a company that goes belly
Huge fines or jail time for Project Bank Account Breaches
A failure to comply with the obligations prescribed in the BIF Act can result in huge fines or even jail time. In the below table we summarise both
Caught by the Project Bank Account legislation? What now?
In our last article we discussed the circumstances in which Qld’s Project Bank Account legislation could apply to a head contractor. Below, we take
Does Qld’s Project Bank Account legislation apply to you?
Big news for the Queensland construction industry: It is expected that the Building Industry Fairness (Security of Payment) Act 2017 (the BIF Act)