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Security of Payments Act QLD
The Security of Payments Act in Queensland aims to ensure that contractors in the building and construction industry receive timely progress payments for their services. It establishes a structured claim process, requiring payment claims to be formally submitted and responded to within specified timeframes, enhancing transparency and communication between parties involved.
This legislation enables contractors to pursue adjudication in case of payment disputes, providing a faster alternative to traditional court procedures. By understanding the requirements for valid payment claims and schedules, contractors can effectively navigate the complexities of payment entitlements under the Act. Generated from the website
