A number of Australian States and Territories have separate security of payments legislation such as Queensland's Building and Construction Industry Payments Act 2004 and New South Wales' Building and Construction Industry Security of Payment Act 1999. Recently, there have been proposals for reform of these regimes at both a State and Federal level. This article considers the current regimes in Queensland and New South Wales, the advantages and disadvantages of the reform proposals and provides an update on the current status of the reform process.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
