Security of Payment Act definition

Security of Payment Act means the Building and Construction Industry Payments Act 2004 (Qld) or the Building Industry Fairness (Security of Payment) Act 2017 (Qld) and any of its regulations, as the case may be.

Security of Payment Act means the Building and Construction Industry Security of Payment Act 1999 (NSW).

Security of Payment Act means the Building and Construction Industry Security of Payment Act 2002 (Vic) upon commencement and as amended from time to time.

Examples of Security of Payment Act in a sentence

• A seller is not entitled to stipulate, after conclusion of a sale contract, a right to retain an asset sold on a deferred sale basis, as security for payment.

• At Focus’ sole discretion, these Terms may constitute a claim for payment under the Building and Construction Industry Security of Payment Act 2002 (VIC) and/or the equivalent legislation in the other Australian jurisdictions (as applica- ble).

• The Project Manager shall submit to the Employer a tax invoice under the Goods and Services Tax Act within 7 days of the date of the payment response; or In any other case, within 21 days or such other time period as may be stipulated in the Appendix after the expiry of the period within which the payment response is required to be provided under the Building and Construction Industry Security of Payment Act.

• This statement is prepared for the purpose of section 13(9) of the Building and Construction Industry Security of Payment Act 1999 (NSW).

• In this statement, the terms "principal", "head contractor", "subcontractor", and "construction contract" have the meanings given in section 4 of the Building and Construction Industry Security of Payment Act 1999 (NSW).

More Definitions of Security of Payment Act

Security of Payment Act means the Building and Construction Industry Security of Payment Act 2002 (Vic).

Security of Payment Act means the Building and Construction Industry Security and Payment Act 2009. This clause will apply if that Act applies.

Security of Payment Act means the Building and Construction Industry Security of Payment Act 2002 (Vic) as amended, updated or replaced from time to time.

Security of Payment Act means legislation applying in the jurisdiction where the supply of the Goods and/or Works/Services takes place, that has amongst its objectives the creation of a statutory entitlement to progress payments for the performance of construction work or provides procedures for determining or securing payment of that entitlement, pending any final assessment under the relevant construction contract including the Building and Construction Industry Security of Payment Act 1999 (NSW), the Building and Construction Industry Security of Payment Act 2002 (Vic), the Building Industry Fairness (Security of Payment) Act 2017 (Qld), the Queensland Building and Construction Commission Act 1991 (Qld), the Construction Contracts Act 2004 (WA), the Construction Contracts (Security of Payments) Act 2004 (NT), the Building and Construction Industry Security of Payment Act 2009 (SA), Building and Construction Industry Security of Payment Act 2009 (Tas) or the Building and Construction Industry Security of Payment Act 2009 (ACT);

Security of Payment Act means legislation applying in the jurisdiction where the Works take place, that has amongst its objectives the creation of a statutory entitlement to progress payments for the performance of construction work or provides procedures for determining or securing payment of that entitlement, pending any final assessment under the relevant construction contract.

Security of Payment Act means the applicable security of payment legislation.

Security of Payment Act means: if the law governing the Contract is the law of Western Australia, then the Construction Contracts Act 2004 (WA); if the law governing the Contract is the law of New South Wales, then the Building and Construction Industry Security of Payment Act 1999 (NSW); if the law governing the Contract is the law of Queensland, then the Building and Construction Industry Payments Act 2004 (Qld); if the law governing the Contract is the law of Tasmania, then the Building and Construction Industry Security of Payment Act 2009 (Tas); if the law governing the Contract is the law of the Northern Territory, then the Construction Contracts (Security of Payments) Act 2004 (NT); if the law governing the Contract is the law of Victoria, then the Building and Construction Industry Security of Payment Act 2002 (Vic); or if the law governing the Contract is the law of South Australia, then the Building and Construction Industry Security of Payment Act 2009 (SA),‌ each as amended from time to time.