The Building and Construction Industry Security of Payment Act 1999 requires that a head contractor (the builder) must not serve a payment claim on a principal (the owner) unless the claim is accompanied by a supporting statement. The supporting statement is in a form that is prescribed by the regulations. 

The form of the supporting statement has recently changed. Please download the latest copy below here. 

The use of this form is applicable to all Head Contractors and will include Residential Builders from 1 March 2021. Failure to supply a Statement may incur penalties up to $110,000 for companies. 

Please contact the legal Department if you have any inquiries or difficulties on 02 8586 3555.