Building Industry Fairness (Security of Payment) Regulation 2018
sec.14Maximum fees and expenses for particular adjudication applications— Act , s 95
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sec.14 Maximum fees and expenses for particular adjudication applications— Act , s 95
This section prescribes, for section 95 (2) of the Act , the maximum amount for fees and expenses an adjudicator is entitled to be paid for adjudicating an adjudication application relating to a payment claim for a progress payment of not more than $25,000. The maximum amount is— if the progress payment is not more than $5,000—$620; or if the progress payment is more than $5,000 but not more than $15,000—$930; or if the progress payment is more than $15,000 but not more than $20,000—$1,860; or if the progress payment is more than $20,000 but not more than $25,000—$2,070. To remove any doubt, it is declared that a maximum amount mentioned in subsection (2) includes both fees and expenses. s 14 ins 2018 SL No. 177 s 10 (sec.14-ssec.1) This section prescribes, for section 95 (2) of the Act , the maximum amount for fees and expenses an adjudicator is entitled to be paid for adjudicating an adjudication application relating to a payment claim for a progress payment of not more than $25,000. (sec.14-ssec.2) The maximum amount is— if the progress payment is not more than $5,000—$620; or if the progress payment is more than $5,000 but not more than $15,000—$930; or if the progress payment is more than $15,000 but not more than $20,000—$1,860; or if the progress payment is more than $20,000 but not more than $25,000—$2,070. (sec.14-ssec.3) To remove any doubt, it is declared that a maximum amount mentioned in subsection (2) includes both fees and expenses.
- (a) if the progress payment is not more than $5,000—$620; or
- (b) if the progress payment is more than $5,000 but not more than $15,000—$930; or
- (c) if the progress payment is more than $15,000 but not more than $20,000—$1,860; or
- (d) if the progress payment is more than $20,000 but not more than $25,000—$2,070.