Security Of Payments Act News Archives

WARNING: Do not serve an invoice / payment claim before speaking to us first. Avoid disappointment.

Here’s why: Invoices / claims served early are invalid. Invoices / claims served late are invalid.  More than one  invoice / claim served per month makes all invoices / claims served during that month invalid. All NSW invoices are Security Of Payments Act claims. Defective invoices / claims use up valuable reference dates.

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Security Of Payments Act Know How

Get The Facts Here – And Get Paid Sooner. Run a claim for payment under the Security Of Payment Act with RECOUP and we will give you a WHOLE Year’s follow up support. That means we will train you how to run your own claims PLUS a whole lot more. EMPOWER YOUR TEAM & Get Paid For ALL of your work.
Get Started Now Bank Your Money Sooner

RECOUP Debt Recovery News……

Security Of Payments Act NSW Adjudication Applications & Payment Withholding Requests

Building & Construction Industry Security Of Payment Act 1999 legislation includes the provision for a claimant to serve a Payment Wthholding Request on a principal contractor once a claimant has applied for adjudication. Under Security Of Payments Act NSW a Payment Withholding Request obligates a principal contractor to bypass the contractor and pay a subcontractor direct. This ensures that a contractor cant take the money and run ! Read more about Payment Withholding requests here …

RECOUP Debt Recovery News……

Security Of Payments Act NSW Supporting Statement By Head Contractor Form

Building & Construction Industry Security Of Payment Act 1999 legislation changes that came into force for all building and construction contracts entered into on or after 21 April 2014 now require a head contractor to include a Supporting Statement with all Payment Claims. Further Justice McDougall of the NSW Supreme Court found on 5 November 2014 that a supporting statement is an essential component of a head contractors payment claim. Read more and find the Supporting Statement Form here …

RECOUP Debt Recovery News……

Building & Construction Industry Payments Act 2004 QLD Bill Update

In May 2014, the Building and Construction Industry Payments Act 2004 QLD (BCIPA) Bill 2014 (Bill) was introduced to the Queensland Parliament. Changes based on the Bill expected to commence 1 November 2014 did not occur. Subsequently an amendment to the Building and Construction Industry Payments Act 2004 QLD (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…

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Security Of Payments Act NSW Update

 What the changes to the New South Wales Building & Construction Industry Security Of Payment Act 1999 Legislation mean exactly is slowly becoming apparent. Claimants, Respondents, Authorised Nominating Authorities, Adjudicators and the Courts are all making the necessary adjustments to their treatment of building & construction payment claims, payment schedules, adjudication applications, adjudication responses, adjudication determinations, enforcement, and court appeals.

RECOUP Debt Recovery News……

BCIPA QLD Update

Changes to the Queensland Building & Construction Industry Payments Act 2004 Legislation looks set to proceed. The reforms proposed by Andrew Wallace will more than likely be adopted in full with some minor changes. One of the key changes, the abolition of Authorised Nominating Authorities, and the receiving of adjudication applications and appointment of adjudicators directly by the Building and Construction Industry Payments Agency which is a branch of the Queensland Building and Construction Commission.

RECOUP Debt Recovery News……

Security Of Payment Act VIC Update

The Victorian Building Authority which administers and oversees the Building and Construction Industry Security of Payment Act 2002 has called for submissions from building & construction industry stakeholders which will be considered in the forthcoming review of the legislation. Similar changes to chose currently being implemented in Queensland are anticipated. Should you have any suggestions and or concerns that you would like included in RECOUP’s submission to the Victorian Building Authority please email them to us at your earliest opportunity.