Changes to the Construction Contracts Act 2004 (CCA) have now been passed by parliament and will commence on 15 December 2016.
The changes were introduced to address the non-payment and late payment of subcontractors in the construction industry. Importantly, this has led to key changes to the two most important things that any builder or subcontractor should be considering:
- when am I entitled to be paid: and
- what do I do if I do not get paid on time and in full?
For an analysis of these key changes and what you need to know click here to read more.