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Building and Construction Industry Security of Payment Regulation 2020
12Retention money not available to pay head contractor’s debts
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12 Retention money not available to pay head contractor’s debts
12 Retention money not available to pay head contractor’s debts
(1) Retention money held by a head contractor is not available for the payment of the debts of the head contractor, or liable to be attached or taken in execution for satisfying a judgment against the head contractor.
(2) This clause does not take away or affect any just claim that a head contractor may have against or upon retention money.