Publication
Building long-term integrity in the voluntary carbon market
In recent years, an important question has arisen in relation to the voluntary carbon market (VCM) as it continues to expand: How do we elevate and maintain its integrity?
Global | Publication | October 2018
On 24 October 2018, following public consultation, the New South Wales government introduced the Building and Construction Industry Security of Payment Amendment Bill 2018 (NSW) (Bill) which contains proposed amendments to the Building and Construction Industry Security of Payment Act 1999 (NSW) (Act). If passed, the Bill will likely have widespread implications across the building and construction sector. The Bill contains several reforms intended to further improve cash flow and transparency, as well as provide greater protections to subcontractors, suppliers, and workers in the industry.
The proposed reforms are reflective of, and incorporate, a number of the recommendations made by Mr John Murray AM in his report entitled ‘Review of Security of Payment Laws – Building Trust and Harmony’ dated December 2017 (a copy of which can be found here).
A summary of the key proposed amendments is below.
Application of the Act
Changes to payment claims
Changes to adjudication applications
New investigatory and enforcement powers conferred on authorised officers
Code of practice for authorised nominating authorities
More stringent penalties for offences committed under the Act
If you have any queries in respect of the Bill or the operation of the Act generally please do not hesitate to contact us.
Façade Treatment Engineering Pty Ltd (In Liq) v Brookfield Multiplex Constructions Pty Ltd [2016] VSCA 247.
Second Reading Speech – 24 October 2018.
Publication
In recent years, an important question has arisen in relation to the voluntary carbon market (VCM) as it continues to expand: How do we elevate and maintain its integrity?
Publication
On 16 April 2024, the Hon Tanya Plibersek MP, the Minister for the Environment and Water (the Minister) announced progress on the package of reforms to the Environment Protection and Biodiversity Conservation Act 1999 (Cth) (EPBC Act).
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