BUILDING AND CONSTRUCTION INDUSTRY (SECURITY OF PAYMENT) ACT 2009 - SECT 6 Object of Act

BUILDING AND CONSTRUCTION INDUSTRY (SECURITY OF PAYMENT) ACT 2009 - SECT 6

    (1)     The object of this Act is to ensure that a person is entitled to receive, and is able to recover, progress payments if the person—

        (a)     undertakes to carry out construction work under certain construction contracts; or

        (b)     undertakes to supply related goods and services under certain construction contracts.

    (2)     In particular, this Act—

        (a)     grants an entitlement to a progress payment for construction work, whether or not a construction contract provides for progress payments; and

        (b)     establishes a recovery procedure for construction work progress payments.