Update on the South Australia Security of Payment legislation

Articles Written by Jessica Teoh (Associate)

In the May 2011 edition of Acumen, we reported that the commencement of the Building and Construction Industry Security of Payment Act 2009 (SA) had been delayed, and that the Act and regulations were likely to commence at the end of 2011.

The Office of Consumer and Business Affairs has proposed a timetable for implementing the Act which willl result in the regulations being approved and gazetted in August, and the Act commencing operation by 9 December 2011.

Important Disclaimer: The material contained in this article is comment of a general nature only and is not and nor is it intended to be advice on any specific professional matter. In that the effectiveness or accuracy of any professional advice depends upon the particular circumstances of each case, neither the firm nor any individual author accepts any responsibility whatsoever for any acts or omissions resulting from reliance upon the content of any articles. Before acting on the basis of any material contained in this publication, we recommend that you consult your professional adviser. Liability limited by a scheme approved under Professional Standards Legislation (Australia-wide except in Tasmania).

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