Building and Construction Industry (Security of Payment) Act 2021
Div 6Claimant’s rights with respect to performance security
Start here
Get a plain-English read of Div 6
Turn the raw legal text into a practical explanation grounded in Building and Construction Industry (Security of Payment) Act 2021.
Division 6 — Claimant’s rights with respect to performance security
-
Terms used 63
-
Right to receive notice before recourse to performance security 64
-
Right to release of performance security 65
-
Right to substitute performance security 65
-
Requirements for compliant performance bond for substitution of performance security 67
-
Application of Division where third parties involved in performance securities 68