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Deemed-Statutory-Trust-Proposal-Consultation-Paper-August-2018.pdf

🔗 Source: fairtrading.nsw.gov.au

📊 Size: 1.07 MB

👤 Author: Julia Steward

⬇️ Downloads: 92

Summary

The NSW Government proposes introducing 'deemed' statutory trusts into the Building and Construction Industry Security of Payment Act 1999 to secure payments in the industry from misuse and insolvency, following a recommendation by Mr John Murray AM in the Commonwealth's review into building and construction insolvency. The proposal aims to balance greater protection for vulnerable parties, such as subcontractors, with minimal additional regulatory and administrative costs to businesses. The Government invites feedback on the proposal through a consultation process, with submissions to be made publicly available on the NSW Fair Trading website.

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Description

The NSW Government proposes introducing 'deemed' statutory trusts into the Building and Construction Industry Security of Payment Act 1999 to secure payments...

Technical Information

File Format: PDF
File Size: 1.07 MB
Pages: 37
Language: EN
Author: Julia Steward
Total Downloads: 92
Last Updated: 1 month ago

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