The Safety of Settlement Act gives an entitlement to proceed payments, whether or not a contract provides for them, and establishes a treatment for making and reacting to repayment cases, adjudication of contested claims and recovery of prohibited payments tenant fees act.

As an example, in Queensland a claim can be made up to 6 months after the work has been offered (unless or else defined in the contract) yet in New South Wales a claim can be made up to year after the work has actually been given.

In the industry, the Act is generally called the Security of Settlement Act", where security of settlement refers to a service provider's right to get payment as it drops due under an agreement. A payment case made by a head service provider must be gone along with by a supporting declaration that declares all subcontractors have been paid.

Differs with the quantity recommended to a paid in the payment schedule. Because you understand exactly how to submit a safety and security of payment claim interstate does not suggest it will be the same in Queensland, just. In the Northern Territory, a safety of repayment insurance claim can be made at any time after the arrangement of work, in the lack of repayment provisions in the agreement.