Building and Construction Industry Security of Payment Regulation 2008

As at 28 February 2011

1 Name of Regulation

This Regulation is the Building and Construction Industry Security of Payment Regulation 2008 .

2 Commencement

This Regulation commences on 1 September 2008.

This Regulation replaces the Building and Construction Industry Security of Payment Regulation 2001 which is repealed on 1 September 2008 by section 10 (2) of the Subordinate Legislation Act 1989 .

3 Interpretation

(1) In this Regulation: "the Act" means the Building and Construction Industry Security of Payment Act 1999 .

(2) Notes included in this Regulation do not form part of this Regulation.

4 Recognised financial institutions

Each person or body that is a "body regulated by APRA" , within the meaning of the Australian Prudential Regulation Authority Act 1998 of the Commonwealth, is prescribed for the purposes of the definition of "recognised financial institution" in section 4 of the Act.

5 Exemptions

A person is exempt from the operation of Division 2A of Part 3 of the Act in the person's capacity as a principal contractor (within the meaning of that Division) under a construction contract of a kind referred to in section 7 (2) (b) of the Act.

Historical notes

The following abbreviations are used in the Historical notes:

Table of amending instruments Building and Construction Industry Security of Payment Regulation 2008 (139) . GG No 56 of 23.5.2008, p 3953. Date of commencement, 1.9.2008, cl 2. This Regulation has been amended as follows:

Table of amendments