Victorian Numbered Acts

BUILDING AND CONSTRUCTION INDUSTRY SECURITY OF PAYMENT (AMENDMENT) ACT 2006 (NO 42 OF 2006) - SECT 4

    (1)     In section 3 of the Principal Act—

        (a)     in sub-section (1)—

              (i)     for "carries out construction work or who supplies" substitute "undertakes to carry out construction work or who undertakes to supply";

              (ii)     omit "specified";

        (b)     in sub-section (2), for "circumstances where the relevant construction contract fails to do so" substitute "accordance with this Act";

        (c)     in sub-section (3)(d) omit "or the setting aside of money as security for payment of the progress payment".

    (2)     For section 3(4) of the Principal Act substitute —

    "(4)     It is intended that this Act does not limit—

        (a)     any other entitlement that a claimant may have under a construction contract; or

        (b)     any other remedy that a claimant may have for recovering that other entitlement.".