Consultation on draft Security of Payment Regulations is now open.
On 25 June 2021, the Building and Construction Industry (Security of Payment) Act 2021 (the Act) was enacted to improve payment protections for contractors working in the WA building and construction industry.
Before all the sections of the Act can be proclaimed to commence operation, a number of administrative and technical matters must be prescribed by regulations.
The draft regulations and explanatory statement can be downloaded here.
Consultation is open until 5.00PM AWST Friday 21 January 2022.