The main purpose of Act
3 The main purpose of Act
The main purpose of this Act is to help people working in the building and construction industry in being paid for the work they do.
The main purpose of this Act is to be achieved primarily by—
requiring the use of statutory trusts for particular contracts related to the building and construction industry; and
granting an entitlement to progress payments, whether or not the relevant contract makes provision for progress payments; and
establishing a procedure for—
making payment claims; and
responding to payment claims; and
the adjudication of disputed payment claims; and
the recovery of amounts claimed; and
enabling the use of a statutory charge in favour of subcontractors for payment of the work they do.
This Act’s bill:Explanatory memorandumSecond reading speech
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