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 up and down the supply chain.
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Authors:
- Joseph Hansell
- Paul Allen
- Renee Lobb
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Segment:
- Corporate Finance
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Asset type:
- Article
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Industry:
- Construction
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Topic:
- Business Protection & Risk
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Country:
- Australia
Date published:
- June, 2017