Amendments to Builders’ Liens (Prompt Payment) Regulation 113/2024

The Builders’ Liens Amendment Act (Prompt Payment) received assent on May 30, 2023, and will come into force on April 1, 2025. The proposed regulation completes the regulations necessary to establish a working prompt payment and adjudication regime by that date.

The Builders’ Liens Amendment Act (Prompt Payment) received assent on May 30, 2023, and will come into force on April 1, 2025. The proposed regulation completes the regulations necessary to establish a working prompt payment and adjudication regime by that date.