South Australia security of payment legislation

Articles Written by Joanne Staugas

In the August 2010 edition of Acumen, we outlined the key features of the new Building and Construction Industry Security of Payment Act 2009 (SA). It was anticipated that the Act would come into operation later in 2010 once the regulations had been finalised.

The commencement of the Act has been delayed. We understand from recent Parliamentary statements reported in Hansard that the delay has resulted from more work than was anticipated being required on setting up the structures and processes for implementing the legislation.

The work on the regulations has commenced and the South Australian Parliament expects that the Act and regulations are likely to commence at the end of 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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