📜 Building and Construction Industry (Security of Payment) Bill 2021
The Bill aims to improve payment security for contractors in the building and construction industry in Western Australia by establishing a process for securing payments under construction contracts.
Impact
This bill affects contractors, subcontractors, and principals in the WA building and construction industry. It aims to ensure timely payments, protect retention money, and provide quicker dispute resolution, fostering a more stable financial environment.
Key Changes
Parliamentary Progress
- LA Third ReadingLA25 May 2021
- LA IntroducedLA25 May 2021
- LA Second Reading MovedLA25 May 2021
- LA Second Reading AgreedLA25 May 2021
- LA Consideration in DetailLA25 May 2021
- LC Second Reading MovedLC26 May 2021
- LC Second Reading AgreedLC15 June 2021
- LC Third ReadingLC22 June 2021
- Royal Assent25 June 2021
Penalty Provisions2 found
Use or disclosure of confidential information
“116. Use or disclosure of confidential information”
Offence for failure to comply with certain requirements of this Part (Part 4 - Retention money trusts)
“87. Offence for failure to comply with certain requirements of this Part”
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