Stage 1 of WA Security of Payment Reforms Commences
August 12, 2022
On 1 August 2022, stage 1 of the Building and Construction Industry (Security of Payment) Act 2021 (WA) came into effect. The Act is being implemented in 3 stages, with the other stages to commence on 1 February 2023 (stage 2) and 1 February 2024 (stage 3). Stage 1 of the Act centres on the new security of payment laws and the adjudication process which is now more closely aligned with the East Coast.
We reported on the passage of this legislation and summarised the key changes in 2021. Access our summary here.