“The NSW Security of Payments Act (SOP Act) is designed to help deliver speedy resolution of payment disputes. With recent amendments to the Act, it is crucial for builders and suppliers to understand these changes and how to best use the Act to benefit their cashflow,” said National Practice Director – Construction & Infrastructure Ben Robertson, “Through our SOP presentation, we explain key facets of the Act, what it is, how to organise Payment Schedules, and a number of tips and traps to watch out for – making it a great introduction for those seeking to better understand the Act and how they can use it to support their business.”

Important changes to note: From 1 March 2021, the NSW Building and Construction Industry Security of Payment Regulation 2000 will now apply to all residential contracts.

Click below to watch National Practice Director – Construction & Infrastructure Ben Robertson talk through key elements of the NSW SOP Act.