Glossary
What is security of payment (SOPA)?
Security of payment laws give people who do construction work a fast legal way to claim progress payments.
Each state and territory has its own Act. They set out payment claims, payment schedules and quick adjudication, with strict deadlines.
Example
A subcontractor serves a payment claim on a builder. If the builder doesn't reply with a payment schedule in time, the full amount can become payable.
In Australia
Deadlines and wording differ between states, so check the Act where the work was done.
General information only, not legal or financial advice.