Security of payment - VIC
Published:
10 September 2020
Edited:
25 May 2023
Read time: 15 minutes
The Building and Construction Industry Security of Payment Act 2002 (VIC) applies to almost all contracts for construction work in Victoria except 'one off houses' where the owner for the building contract is to be the occupier (most architect-designed houses). It operates in parallel with the construction contract with the intention of securing the receipt of payments due under the building contract.
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