The Construction Lien Amendment Act, 2017, also known as Bill 142, received Royal Assent on December 12, 2017. Bill 142 introduces significant amendments to Ontario's Construction Lien Act, involving:
- Modernization of the construction lien and holdback rules;
- Institution of a promptness of payment regime; and
- Adoption of a new adjudication model that will promote expediency.
Several non-substantive amendments in Bill 142 came into force
as of December 12, 2017 – mainly affecting wording and
definitional changes at this time.
The substantive amendments in Bill 142 will come into force on
proclamation by the Lieutenant Governor, which is expected to be in
2018. For more information, please read the Ministry of the
Attorney General news release here.
To assist you in understanding and responding to the impacts of
Bill 142, BLG Ottawa will be hosting a breakfast symposium on
February 15, 2018. Please visit our website for more
details. Invitations for this event will follow at a later
date
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.
