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Security of Payment Statutory Trust

Topic: Policy

NSW Fair Trading is seeking feedback on the financial impact analysis of statutory trusts in the building and construction industry.

What's this about?

The NSW Government is progressing reforms in the building and construction industry to provide subcontractors with better financial security.

This includes:

The government is considering the feasibility of statutory trusts to better protect sub-contractors from the consequences of contractor insolvency.

NSW Fair Trading commissioned consultants HoustonKemp to complete a financial impact analysis. The report will help the government understand how aspects of statutory trusts may work within the industry and economy.

Have your say

There are three ways you can submit your feedback:

  • Online: consultation website
  • Email: [email protected]
  • Mail: Security of Payment Amendment Regulation Consultation Regulator Policy, Better Regulation Division
    Department of Finance, Service and Innovation
    Locked Bag 2906
    Lisarow NSW 2252

Have your say by 25 July 2019.

More Information

Topic: Policy
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