📜 Construction Contracts Amendment Bill 2016
Assented toLABill 21522 September 2016
This bill amends the Construction Contracts Act 2004 to improve the adjudication process for resolving payment disputes in the construction industry. It aims to make the process more efficient and accessible.
Impact
Contractors and principals in the construction industry will be affected by changes to payment claim processes and adjudication timeframes, aiming for quicker dispute resolution and improved cash flow.
Key Changes
["Increases the time limit for applying for adjudication to 90 business days.", "Decreases maximum payment terms to 42 calendar days.", "Clarifies that payment claims can include matters from previous claims."]
Parliamentary Progress
- LA IntroducedLA22 Sept 2016
- LA Second Reading MovedLA22 Sept 2016
- LA AmendedLA19 Oct 2016
- LA Consideration in DetailLA19 Oct 2016
- LA Second Reading AgreedLA19 Oct 2016
- LA Third ReadingLA20 Oct 2016
- LC Second Reading MovedLC8 Nov 2016
- LC Second Reading AgreedLC22 Nov 2016
- LC Third ReadingLC22 Nov 2016
- Royal Assent29 Nov 2016
Affected Sectors
construction
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