Northern Territory Consolidated Acts

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CONSTRUCTION CONTRACTS (SECURITY OF PAYMENTS) ACT - SECT 3

Object and its achievement

3. Object and its achievement

(1) The object of this Act is to promote security of payments under construction contracts.

(2) The object of this Act is to be achieved by -

(a) facilitating timely payments between the parties to construction contracts;

(b) providing for the rapid resolution of payment disputes arising under construction contracts; and

(c) providing mechanisms for the rapid recovery of payments under construction contracts.


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