Security Of Payment Act in Auburn, New South Wales | Financial service

Security Of Payment Act

Locality: Auburn, New South Wales

Phone: +61 1300 224 772

Address: 21 Harrow Road 2144 Auburn, NSW, Australia

Website: https://securityofpaymentsact.com.au/

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20.01.2022 Security Of Payments Act Is a Fast 3 Step Process The object of the Security Of Payments Act is to ensure that any person who undertakes to carry out construction work (or who undertakes to supply related goods and services) under a construction contract is entitled to receive, and is able to recover, progress payments in relation to the carrying out of that work and the supplying of those goods and services. https://securityofpaymentsact.com.au/

14.01.2022 Understand what the Security of Payment Act legislation (laws) is, isn’t, and what it can do for you. SOPA isn’t: Insurance for non-payment... A sentence you put on your invoice that guarantees payment A government department A free debt recovery service Easy to ignore if you owe money to a subcontractor, consultant, or supplier SOPA is: A fast track to a court judgment Purpose built legislation (laws) for the building & construction industry The most cost effective way to resolve a payment dispute Successful for 94% of claimants (NSW Govt statistic) https://securityofpaymentsact.com.au/