Security of Payments Act
The Security of Payments Act in Auburn, New South Wales, is a powerful piece of legislation designed to assist individuals and businesses in the construction industry with debt recovery. It provides a streamlined process for making claims, applying for adjudication, and enforcing judgments, ensuring that those who undertake construction work are rightfully compensated for their services.
This legislation aims to facilitate timely payment for construction-related work and goods through strict regulations and predictable processes. With successful claims reported at a high rate, it offers a fast track to resolution, allowing stakeholders to effectively address payment disputes and maintain their financial stability. Generated from the website
