Triggering BIF Act security of payment protections and strict time frames
A subcontractor does not need to know about the BIF Act to trigger its security of payment protections and strict time frames. This means whether you intended it or not, you have probably sent a payment claim since 17 December 2018, but do you know:
Which of the invoices you have sent are valid payment claims?
What is the correct action to take in response to receiving a payment schedule or not?
What time frames apply to which action?
For more information see:
Our claimants' biggest risks article: www.subcontractors.arbuildinglaw.com.au/single-post/2019/03/14/As-a-subcontractor-claimant-what-are-my-biggest-risks
Our time frames article: www.subcontractors.arbuildinglaw.com.au/single-post/2019/03/14/subcontractor-what-are-my-time-frames