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Insolvency Law Update: Repeal of Covid Business Protection January 2021

18 January 2021 | Corporate Finance |

In a bid to support the Australian economy and business during the pandemic, the new Coronavirus Economic Response Package Omnibus Act restricted the ways that creditors could recover their debts. These COVID-driven debtor relief measures have now expired.

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March 2021 Countdown For NSW Residential Builders

13 January 2021 | Civil Contractors and Construction |

From 1 March 2021, as part of a significant reform for the residential construction industry, NSW residential builders will be able to utilise the Building & Construction Industry Security of Payment Act 1999 (NSW) ('the SOP Act') to obtain outstanding payments from owners.

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Law firms need to consider increasing cyber security measures in 2021

21 December 2020 | Corporate Finance |

Nexus' Principal and legal tech expert Jeremy Duffy discusses the three key things legal businesses undertake to start 2021 in a more cyber-secure position.

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Nexus Construction & Infrastructure Top Tips for 2021

15 December 2020 | Civil Contractors and Construction |

As we close 2020 and move into 2021, businesses in the construction industry should consider preparing their businesses for the following activities over holiday shutdown period

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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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