Amendments to Security Of Payments Act now in place

Earlier this week, on 21st April 2014, changes came into effect for the Building and Construction Industry Security of Payment Amendment (SOPA) Act 2013 (“Amendment Act”).  The amendments will apply to all contracts entered into on or after this date.  The amendments include some of the recommendations made in the Collins Inquiry which looked at depth at insolvency in the NSW construction industry. 

The Master Builders Association of NSW notified it’s members of the key amendments as follows:

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All dressed up…and coming out to see you

We know that filling in forms and getting used to anything new can be a bit tricky at first.   We want to make it as easy for you to use CheckVault and CheckTender as we possibly can.    That’s why we have introduced our Concierge Service  – we will come to you.   So we have dressed up our first ute and it’s on the road.   Keep an eye out for the CheckVault ute out and about in your area.  Isn’t it sexy?!

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We are hitting the road….

We are out and about hitting the road to get your news and views on what’s going on in the construction industry.  The perfect place to start is with the Master Builders Association (MBA) NSW Trade Shows around Sydney.

Our first stop was last Wednesday at the MBA Trade Show in Roseville, held at the Roseville Golf club.  We got to meet a few of our our members face to face which was great and of course a few others found out about how they can protect their business’ and cash flow by getting their payments secured in advance using CheckVault.   To celebrate our first Trade Show appearance we upped the ante by giving away a lucky door prize of an iPad mini.

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