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This Regulation replaces the Building and Construction Industry Security of Payment Regulation 2001 which is repealed on 1 September 2008 by section 10 (2) of the Subordinate Legislation Act 1989 .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:
|
Am |
amended |
LW |
legislation website |
Sch |
Schedule |
|
Cl |
clause |
No |
number |
Schs |
Schedules |
|
Cll |
clauses |
p |
page |
Sec |
section |
|
Div |
Division |
pp |
pages |
Secs |
sections |
|
Divs |
Divisions |
Reg |
Regulation |
Subdiv |
Subdivision |
|
GG |
Government Gazette |
Regs |
Regulations |
Subdivs |
Subdivisions |
|
Ins |
inserted |
Rep |
repealed |
Subst |
substituted |
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:
2011 |
(89) |
Building and Construction Industry Security of Payment Amendment Regulation 2011 . LW 25.2.2011.Date of commencement, 28.2.2011, cl 2. |
Table of amendments
Cl 5 |
Ins 2011 (89), cl 3. |