Construction Contracts (Retention Money) Amendment Bill passes first reading
Posted on Friday 11 June, 2021
The Construction Contracts (Retention Money) Amendment Bill, which provides greater financial protection for subcontractors, passed its first reading on the 8th of June. The Bill amends the retention provisions in the Construction Contracts Act 2002 (CCA) to provide increased confidence and transparency for subcontractors that the retention money they are owed is safe.