Earlier this year, we informed you of a number of significant amendments to the Building and Construction Industry Payments Act (BCIPA).
Our update may be found here.
Those amendments will no longer commence on 1 September 2014.
On 21 May 2014, Tim Mander MP nominated the Transport, Housing and Local Government Committee (Committee) to consider and undertake a review of the BCIPA amendments. Late last week, the Committee was given an extension until 1 September 2014 to provide its report.
Accordingly, the BCIPA amendments are now likely to come into effect mid-September 2014, after any concerns raised in the Committee’s report have been addressed and the amendments have been passed by Parliament.
We will, of course, issue an update once the commencement date has been confirmed.
In the meantime, it is important that you familiarise yourself with the anticipated amendments, and make any contractual changes, prior to their commencement to protect your rights to lodge or respond to an adjudication application under BCIPA and to strengthen your prospects of success at adjudication.
Troy Lewis, Partner
T: +61 7 3135 0614
Stephen Burton, Partner
T: +61 7 3135 0604
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