Requirement to notify Secretary of court order to pay money in relation to building claim
48V Requirement to notify Secretary of court order to pay money in relation to building claim
If the holder of a licence within the meaning of section 42A is ordered by a court to pay an amount of money in respect of a building claim, the licence holder must, within 7 days after the order is made, notify the Secretary in writing of the following particulars—
the amount of money ordered to be paid,
the date on which the money is due to be paid if such a date is specified in the order,
the name of the person to whom the money is to be paid,
such other particulars as may be prescribed by the regulations.
Maximum penalty—40 penalty units in the case of a corporation and 20 penalty units in any other case.
Without limiting any requirement to notify under subsection (1), if a court makes an order for the payment of money in respect of a building claim, any party to the proceedings in which the order was made may notify the Secretary of the making of the order and the terms of the order.
A reference in this section to a building claim includes a reference to a claim for the payment of an unspecified sum of money that arises from a supply of building goods or services.
This provision refers to the regulations (prescribed by the regulations
). Made under this Act:
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.