The Building and Construction Industry Security of Payment Act has been operating in Victoria since 2002. Other states and territories have also enacted their own security of payment legislation such as New South Wales which has had its own security of payment regime in place since 1999.
Read MoreEarlier this year an independent government agency called Domestic Building Dispute Resolution Victoria (DBDRV) was set up to help parties resolve domestic building disputes.
Read MoreContractors often experience significant delays in receiving payment during the course of a construction project or do not receive payment at all.
Read MoreSmall businesses can often find themselves at the mercy of one-sided contracts. However, the new unfair contract legislation discussed below is about to change that.
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