Security of Payment

Adjudication under the Building and Construction Industry Security of Payment Act 1999 (NSW) (SOPA) is designed to be fast and decisive. But speed comes at a cost: SOPA imposes unforgiving deadlines and technical requirements that can catch even seasoned operators off guard....
In NSW, the Building and Construction Industry Security of Payment Act 1999 (SOPA) works with the Contractors Debts Act 1997 to provide options which allow subcontractors to bypass a head contractor and claim payment directly from the principal in certain circumstances....
While Security of Payment legislation is a powerful tool for recovery, a wrong step can have significant consequences for the chances of your claim succeeding....
You have served, or been served, with a payment claim – so what’s next? This article provides practical tips on the assessment and preparation of payment schedules....
Unfortunately, the construction industry and the insolvency profession are close cousins. Despite attempts by regulators to monitor the financial wherewithal of licenced builders, the fact remains that there is a very real risk that a contractor you deal with could go into liquidation....
As of 1 October, important changes to the enforcement mechanisms for payment claims have come into play. We’ll summarise the new ways for claimants to collect outstanding monies....
Throughout Australia, legislation exists to help contractors and sub-contractors protect their revenue streams and cash flow. Generally this is referred to as “Security of Payment” or SOPA legislation. In this article we’re going to give you a run down on how the Victorian SOPA regime works....
You receive the adjudicator’s decision and it’s good news – the decision awards you the entire amount claimed! But then, the other party isn’t feeling cooperative and doesn’t pay you. What now?...
In 2018, the New South Wales Parliament passed the Building and Construction Industry Security of Payment Amendment Act 2018, which makes a number of important amendments to the SOPA. These amendments are yet to come into force, but the act is scheduled to commence on 21 October 2019, therefore it...
Contractors must serve valid payment claims to apply for adjudication under security of payment legislation. This article runs through some key issues when preparing payment claims to help ensure that you will be able to apply for adjudication later....