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Security of Payment

Building and Construction Industry Security of Payment legislation is now enacted in most Australian states. The legislative schemes cover all contracts (written and oral) for building and construction work, and/or the supply of related goods and services, within the main exception of direct contracts with homeowners. However, contracts between a homeowner's contractor and any subcontractor or supplier are covered.

The legislative schemes provide a cheap, fast means of managing disputes that arise around payment claims. The legislation provides for the Statutory Adjudication process which is a new layer of dispute management for the building and construction industry.

In Adjudication, both parties (the Claimant and the Respondent) submit a written argument for their case to the Adjudicator, an independent impartial outsider who fairly decides and determines an outcome to a disputed payment claim.

Rosemarie and Ted are both experienced adjudicators, having been accredited under the NSW Building and Construction Industry Security of Payment Act 1999 and the Victorian Building and Construction Industry Security of Payment Act 2002. They are also registered under the Queensland Building and Construction Industry Payments Act 2004

Due to the extensive experience of Value Network in dealing with the Acts, Value Network is able to advise on the legislative schemes or the Adjudication process. Advice can be given in the following areas:

  • Payment Claims,
  • Adjudication applications (for both the Claimant and the Respondent),
  • Responding to the Adjudication process.

Ted and Rosemarie would combine their experience on the adjudication process, and their extensive knowledge of the legislation to provide you with the best possible advice.

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