Effective 1 March 2021, the Building and Construction Industry Security of Payment Regulation 2020 (NSW) Schedule 2 has introduced important consequences for owners and builders on all residential building in NSW where the owner occupies or plans to occupy the home at the end of the project. Read more about the changes in NSW here.
(Previously titled 'The effect on architects')
Security of payment legislation can, under certain circumstances, have an impact on an architect administering a construction contract. This advice explores some of the possible impacts and highlights the importance of making claims under contract and/or the legislation.