TRADIES will be paid quicker and Fair Trading NSW will be given extra powers to crack down on dodgy builders under a shake-up of laws surrounding construction contractors.
The changes include a reduction from 30 days to 20 days in the maximum time a head contractor has to pay a subcontractor.
They will also be able to claim a payment at least once a month for completed work and make a final claim if a contract is terminated.
“Subbies can go months without pay, not because they haven’t done the work, but because the contractor above them can take months to pay them,” NSW Better Regulation Minister Matt Kean said.
“These changes also encourage contractors further up the chain to better manage their money, and not leave subbies in the lurch.”
To read the full article by Rose Brennan can be read on The Daily Telegraph.