What is the 'Security of Payments Act'?

The 'Security of Payments Act' is a piece of legislation that protects people’s cash flow by increasing the frequency and reliability of progress payments. Known also by different names in respective states (e.g. it is known as 'BCIPA' in QLD), the Act is designed to provide a quick dispute resolution process for people carrying out construction work or supply related goods and services under a construction contract.

Who is the Act for?

The Act is for Contractors and Developers, Sub-contractors, Suppliers of materials and labour and Consultants to commercial construction and infrastructure projects.

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