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Nexus Construction & Infrastructure 2020 Round Up

09 December 2020 | Civil Contractors and Construction |

Nexus' Construction & Infrastructure team provides a review of the key industry legislative changes which took place in 2020.

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Australia’s new Payment Times Reporting Scheme will commence 1 January 2021

01 December 2020 | Corporate Finance |

With Australia’s new Payment Times Reporting Scheme commencing 1 January 2021, large businesses in Australia will start the new year having to publicly report their payment practices to small businesses.

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Combustible Cladding Update: NSW Government Launches Project Remediate

27 November 2020 | Construction & Infrastructure |

NSW Government launches Project Remediate, a program focused on providing financial assistance and technical/quality assurance measures to the owners of residential apartment buildings affected by high risk combustible cladding.

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Impending 31 December 2020 deadline for changes to Discretionary Trusts

26 October 2020 | Estate Planning |

If you are a trustee or beneficiary of a discretionary trust that owns property in NSW, your trust deed may require amendments that exclude ‘foreign persons’ as beneficiaries by 31 December 2020 to avoid additional surcharges.

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Surety Bonds vs Bank Guarantees: Understanding the pros & cons

18 September 2020 | Construction & Infrastructure |

COVID is having a significant braking effect on the economy and construction contractors are not immune. 
Depending on jurisdiction, contractors may already …

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The Eternal ‘Battle of Forms’ – Purchase Orders v Quotations

25 June 2020 | Construction & Infrastructure |

A constant problem in construction and procurement is parties arguing about whose terms apply when both have issued their standard terms.  …

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An interview with Levi Gardner from CRE Insurance

23 June 2020 | Construction & Infrastructure |

In an interview with Levi Gardner from CRE Insurance, Simon Forsteling discusss whether current policies held by or readily available to builders and designers are likely to meet insurance requirements of the Design and Building Practitioners Bill 2019.

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Security of Payment Act – Securing your Cashflow during the Pandemic

19 June 2020 | Construction & Infrastructure |

We understand that cashflow is difficult to maintain in during this pandemic, particularly for the construction industry when site operations have been scaled down to comply with the current social distancing measures.

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Bolstering Consumer Confidence – the practicalities of the Design and Building Practitioners Bill 2019

16 June 2020 | Construction & Infrastructure |

The Design and Building Practitioners Bill (the Bill) has now been passed as of 3 June 2020 and assented on 11 June 2020. An overview of the major reforms introduced by the Bill were discussed in our previous article here. This article digs deeper into the detail of the Bill, and looks at some of the more practical implications on builders and designers.

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Why a Will is Essential

01 June 2020 | Estate Planning |

“I don’t need a Will – I am young and I don’t own anything!” I often hear this from young people and it worries me because it just isn’t right. Particularly considering current world events, I feel compelled to take a moment to set the record straight. If you are over the age of 18, you need a Will and here are the reasons why

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Time and Delay Costs for Provisional Sum ‘Blow-Outs’

20 May 2020 | Construction & Infrastructure |

There is a concerning trend in modern construction contracts to use the provisional sum mechanism as a buffer which can be drawn on to cover variations without impacting the contract sum, or for scope items for which there is a lack of design/engineering detail.

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COVID-19 ALERT #4

01 May 2020 | COVID-19 |

In our COVID-19 NEXUS Alerts #2 and #3, we looked at the Commonwealth and NSW legislative measures which had been introduced to mitigate the impact of COVID-19 pandemic on certain commercial and retail leases – with detail being proposed to follow via specific state and territory regulations being adopted. NSW has now enacted its regulations.

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Covid-19 Update – New rules for signing your Will and Power of Attorney

23 April 2020 | COVID-19 |

The NSW Government have brought regulations to remove the requirement that a witness be physically present when witnessing the execution of certain documents.

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Not objecting to proposed developments can narrow your options

22 April 2020 | Land & Environment Court |

Every so often we receive a letter in the post from the local council advising that a development is proposed next …

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COVID-19 ALERT #3

20 April 2020 | COVID-19 |

$130B JobKeeper Package: What’s it all about? The Government has committed to a $130B package under which businesses, self-employed and non-for-profits significantly impacted by the COVID-19 outbreak will be able to access a $1,500 wage subsidy per fortnight per ‘eligible’ employee until 27 September 2020.

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