Construction Contracts (Security of Payments) Act (the Act)

Important notes

Note 1: The Act in the Northern Territory Australia does not operate in the manner prescribed for the security of payment acts in NSW, Queensland, Australia Capital Territory, Victoria, Tasmania or South Australia. Those acts are based on the ‘Australian Model’ where as the Northern Territory Act is based on the ‘United Kingdom Model’.
Note 2: The Contractor is the party that has carried out the work. The Principal is the party for whom the work has been carried out.
Note 3: The Act provides that either party may have a payment dispute adjudicated.
Note 4: The following information utilises the 'Implied Provisions' of the Act. These may be revised by some of the written provisions in the relevant construction contract.

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