A bespoke up-to-date strata management agency agreement template and proposal, tailored for your firm!
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A bespoke up-to-date BMC agency agreement template and proposal, tailored for your firm!
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A bespoke contract to enable service charges direct to owners who want that special service that the committee does not wish to pay for.
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A bespoke up-to-date community, precinct and neighbourhood agency agreement template and proposal, tailored for your firm!
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Contract between a strata manager and a developer for pre-registration services.
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A bespoke up-to-date building management agency agreement template and proposal, tailored for your firm.
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A tailored by-law for your renovation works.
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An agreement from the owners corporation to owners or occupants to supply amenities, such as, electric vehicle charging infrastructure, telecommunication services, window cleaning, garbage disposal and recycling services.
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Posted 28 July 2021
Category: Security of Payments
Key Features of SOPA
SOPA sets out a statutory framework for:
Generally, in comparison to litigating in a court or tribunal, the SOPA process can be a quicker interim method to resolve progress payment disputes and obtain progress payments.
With the commencement of the Building and Construction Industry Security of Payment Regulation 2020Ā (NSW), owner occupier construction contracts entered into on or after 1 March 2021 are now caught by the SOPA regime. This change provides additional relief to residential builders as owner occupier residential contracts were previously exempt from SOPA. Residential builders will now be able to serve payment claims on owner occupiers and refer payment claims to adjudication under SOPA.
Strict time limits apply and construction industry participants should consider obtaining legal advice on the SOPA process to ensure they are not caught out by any non-compliance with the technicalities of the SOPA process. Failure to comply may have serious financial consequences.
For general information see:Ā SOPA workflowĀ andĀ SOPA flowchart.
Generally, the SOPA regime is applicable to a written or oral contract for:
Goods being:
Services being:
***The information contained in this article is general information only and not legal advice. The currency, accuracy and completeness of this article (and its contents) should be checked by obtaining independent legal advice before you take any action or otherwise rely upon its contents in any way.