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Security of payment

Payment disputes in the building and construction industry

Independent contractors and companies should make themselves familiar with the Security of Payments Acts in each state or territory. The ability to utilise the Acts are dependent on implementation and displaying this on each invoice. This provides a dispute resolution mechanism for building and construction contractors who are owed outstanding payments:

Security of payment laws - Fair Work Building and Construction

Read the NSW Department of Finances and Services final report of the Independent Inquiry into Construction Industry Insolvency