It’s hard to know where to turn in times of business and personal financial distress. One would hope, and even expect, clients will reach out to their trusted advisor to articulate what options are available to them and to help with the hard choices ahead.
This article provides a timely refresher as to the common errors and traps that Security Parties may find themselves in during the registration process.
National Review of Security of Payment Legislation
Each State in Australia has Security of Payment legislation which provides protection to contractors in the construction industry by ensuring they have adequate avenues to recover payment owed for works performed. Unlike other States, Western Australia’s Security of Payment legislation affords protection to not only contractors but Principals as well, allowing claims to be made […]