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CreditorWatch Blog

Amendments to the Building and Construction Industry Security of Payments Act 1999 (NSW)

Amendments to the Building and Construction Industry Security of Payments Act 1999 (NSW)

Despite its ubiquity over the past 15 years the Building and Construction Industry Security of Payments Act 1999 (NSW) (“the Act”) has recently been amended by the New South Wales government in response to the Collins Inquiry. The amendments came into force on 21 April 2014 and are aimed at: 1. Streamlining cash flow in […]

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