The Safety of Settlement Act gives an entitlement to advance repayments, whether or not an agreement provides for them, and develops a procedure for responding and making to settlement cases, adjudication of contested insurance claims and recuperation of repayments.
As an example, Bookmarks in Queensland a claim can be made up to 6 months after the job has been offered (unless otherwise specified in the agreement) yet in New South Wales a case can be made up to twelve month after the job has been given.
For a progress repayment, an insurance claim must be made within 6 months of the job being done or the duration defined in the agreement. Work”, for a contract, includes inexperienced or proficient labour done by an individual in the building, decor, modification or repair of a building; excavation; and the demolition, removal or relocation of a structure.
Differs with the amount suggested to a paid in the payment schedule. Even if you understand exactly how to file a safety and security of payment insurance claim interstate does not imply it will coincide in Queensland. In the Northern Area, a safety and security of settlement case can be made any time after the arrangement of work, in the absence of payment stipulations in the contract.