The Building and Construction Industry Security of Payment Amendment Bill 2013 has been introduced into New South Wales parliament. It proposes key changes to the Building and Construction Industry Security of Payment Act (NSW) 1999.
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Court Finds Builder has a Duty of Care to Owners Corporation to Avoid Causing Economic Loss.
On 25 September 2013 the NSW Court of Appeal handed down its decision in the case of The Owners-Strata Plan No 61288 v Brookfield Australia Investments Ltd [2013] NSWCA 317.
read moreConstruction Alert – Retention Monies Trust Scheme Commences 1 May 2015
Head contractors entering into construction contracts with a value greater than $20 million and who hold cash retentions from their subcontractors will be subject to increased regulation as a result of the Building and Construction Industry Security of Payment Amendment (Retention Trust Money Account) Regulation 2015 (‘Regulation’).
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