Security of Payments Act Blog by Recoup
Building & Construction Industry Payments Act 2004 QLD Bill Update
In May 2014, the Building and Construction Industry Payments Act (BCIPA) Bill 2014 (Bill) was introduced to the Queensland Parliament. Changes based on the Bill expected to commence 1 September 2014 did not occur. Subsequently an amendment to the Building and Construction Industry Payments Act (BCIPA) Bill (Amended Bill) was passed on 11 September 2014 following the delivery of a Parliamentary Committee Report (Report) on 1 September 2014.
Read more...Search BCIPA Adjudication Decisions
Search BCIPA Adjudication Decisions here
Read more...Security Of Payments Act NSW Due Date For Payment
Contractors 15 business days. Subcontractors 30 business days. Unless otherwise agreed.
Read more...BCIPA QLD Changes 21 December 2014
Claimants beware; BCIPA just got a lot better for Respondents.
Significant changes to the Building & Construction Payments Act 2004 commenced on 21 December 2014.The changes to BCIPA QLD include:
The abolition of Authorised Nominating Authorities in Queensland. Less time for Claimants to serve claims. More time for Respondents to reply. More opportunity for Respondents to provide reasons for non-payment.And that is on top of caselaw that says reference dates don arise every month for six months after a claimant last carried out work.
Security Of Payments Act NSW Changes
Security Of Payments Act NSW Changes Commence 21 April 2014
Read more...Dangers Of Fighting A Creditors Statutory Demand For Payment
If you have received a Creditors Statutory Demand For Payment you have 21 days to pay the debt.
If you ignore a Creditors Statutory Demand For Payment your company may be placed into liquidation.
If you apply to the Supreme Court to have the Creditors Statutory Demand For Payment set aside and lose you must pay the debt, the claimants legal costs and court fees within 7 days or your company may be placed into liquidation.
Read more...Ceerose Pty Ltd
Ceerose Pty Ltd
Read more...Contractors Debts Act 1997
Contractors Debts Act 1997 facilitates the re-assignment of a debt owed by a contractor to the principal contractor. This is especially important to subcontractors who are dealing with unreasonable clients.
Read more...RECOUP are Australia’s foremost 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 through this Security Of Payments Act Blog and our Security Of Payments Act Newsletter .
RECOUP provides information and assistance about, and runs claims for claimants under, the following state based 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)”
