Security of payment changes from 1 March 2021, make life eas

Security of payment changes from 1 March 2021, make life easier for NSW residential builders - Real Estate and Construction


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From 1 March 2021, residential builders will be able to use the
Security of Payment regime to more easily resolve disputes and
recover progress payments from owner occupier homeowners.
Residential home building work carried out by a home builder for
an owner occupier homeowner has always been exempt from the
Security of Payment laws in NSW.
This has meant that the residential home builder carrying out
construction work on an owner occupier's new or existing
home:
cannot utilise the quick and efficient Security of Payment
adjudication process to resolve a dispute with the homeowner;

Related Keywords

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