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Monthly Archives: July 2020

JobKeeper 2.0 – An extension of the JobKeeper payment, with some changes

  Modified JobKeeper payment The JobKeeper payment, which was originally due to expire on 27 September 2020, will now continue until 28 March 2021. From 28 September 2020, the payment rate of $1,500 per fortnight for eligible employees and business participants will be reduced as set out below. 28 September 2020 – 3 January 2021 …
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Schedule of rates or lump sum? Pick your poison

On 29 May 2020, the New South Wales Court of Appeal (Court of Appeal) handed down its decision in C&V Engineering Pty Ltd v Hamilton & Marino Builders Pty Ltd [2020] NSWCA 103. The case deals with a common dispute in construction supply contracts: whether the contract is a ‘schedule of rates contract’ or a …
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Security of Payments: retention trust accounts on $10 mill projects

The NSW Government is proposing to repeal the current 2008 regulations to the Building and Construction Industry Security of Payment Act 1999 (NSW) replacing them with a new set of regulations: the Building and Construction Industry Security of Payment Regulation 2020. A key change is the requirement for head contractors to maintain retention money trust …
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Fundamentals: Employment + Workplace Relations (2020/2021)

  The Vincent Young Employment + Workplace Relations team has updated its Employment + Workplace Relations Guide to reflect the changes for this financial year. Download your copy below.     If you would like to discuss this further and the implications for your business please contact our Employment + Workplace Relations Partner, Erin Lynch. …
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Introduction of new law relating to serious defects and issuance of occupation certificates

Introduction The Residential Apartment Buildings (Compliance and Enforcement Powers) Act 2020 (NSW) (Act) was assented to on 10 June 2020 and will commence on 1 September 2020. The Act applies retrospectively and significantly impacts residential projects delivery, completion, developer cash flow and contractors risks. Developers (you) must note these changes and take relevant measures to …
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