For a final payment, a claim needs to be made within 6 months of the work being done or the relevant items and services being supplied, or the period defined in the agreement. Protection of settlement reforms are aimed at dealing with considerable problems faced by industry specialists and subcontractors around reasonable and timely repayment for their completed job.
For example, in Queensland Bookmarks an insurance claim can be made up to 6 months after the work has actually been supplied (unless otherwise specified in the contract) however in New South Wales an insurance claim can be made up to 12 months after the work has been offered.
For a progress repayment, a case needs to be made within 6 months of the job being done or the duration specified in the agreement. Job”, for a contract, entails knowledgeable or unskilled labour done by an individual in the construction, design, alteration or repair of a building; excavation; and the demolition, removal or moving of a building.
Differs with the quantity recommended to a paid in the settlement schedule. Even if you know exactly how to file a safety of payment claim interstate doesn’t indicate it will be the same in Queensland. In the Northern Territory, a protection of payment insurance claim can be made any time after the provision of work, in the lack of settlement stipulations in the contract.