Australia's Security of Payment Experience: A Crystal Ball for Malaysia and Hong Kong?
International Construction Law Review, Part 4, October 2015
2 Pages Posted: 5 Aug 2016 Last revised: 16 Sep 2016
Date Written: August 3, 2016
Abstract
Construction industry payment and adjudication legislation based on the UK Housing Grants, Construction and Regeneration Act 1996 (“HGCRA”) has, to date, been enacted in 16 jurisdictions around the world. The common objective of all of the legislation is to get cash flowing in as fair a manner as possible down the hierarchical contractual chains that exist on most commercial construction projects. Although all of the 16 Acts differ from each other to varying – and, often, extensive – degrees, two broad legislative models may be distinguished: the UK model and the NSW model.
Keywords: Construction Law, Payments
JEL Classification: K00, K39
Suggested Citation: Suggested Citation