Help Enforcing a Judgement Obtained Under the Security of Payments Act NSW
Building & Construction Industry Security Of Payments Act 1999
- Once an adjudicator releases his determination under the BCISPA 1999 to the parties the respondent has 5 business days to pay.
- If the respondent doesn’t pay at this point we will apply for an adjudicator’s certificate under the BCISPA 1999
- We then take the adjudicators certificate to court and have it entered as a judgment under the BCISPA 1999 on the court record.
- There are then several options we can pursue :
- Garnishee the respondent’s bank account.
- Writ Of Levy For Property (send the sherriff around to repossess items of value up to what you are owed)
- Creditors Statutory Demand For Payment (against a corporation)
- Examination Notice & Examination Order
- Winding Up Order (against a corporation)
- Bankruptcy (against a individual)
Moving fast is what counts and that is exactly what we do.
We are Australia’s No #1 Security of Payments Act Specialist – GET STARTED HERE…
Now at almost $100 million in recovered Contractor Payments – RECOUP Contractor Debt Recovery are Trusted by more Industry Groups and Trade Associations throughout Australia than any other debt collection agency.
RECOUP are Security Of Payments Act Experts & Debt Recovery and Debt Collection Specialists for Building and Construction Contractors. RECOUP aims to keep all stakeholders in each state up to date with changes and developments in each state’s legislation that impact claiming payments for building and construction work. RECOUP provides information and assistance regarding the following legislation:
New South Wales: “Building and Construction Industry Security of Payment Act 1999″
Victoria: “Building and Construction Industry Security of Payment Act 2002″
Queensland: “Building and Construction Industry Payments Act 2004″
Australian Capital Territory: “Building and Construction Industry (Security of Payment) Act 2009″
South Australia: “Building and Construction Industry Security of Payment Act 2009″
Tasmania: “Building and Construction Industry Security of Payment Act 2009 (No.86 of 2009)”