Building Industry Fairness (Security of Payment) Regulation 2018
sec.42Existing prescribed payments for withdrawals from project bank accounts for Act , s 31
Start here
Get a plain-English read of sec.42
Turn the raw legal text into a practical explanation grounded in Building Industry Fairness (Security of Payment) Regulation 2018.
sec.42 Existing prescribed payments for withdrawals from project bank accounts for Act , s 31
This section applies if, immediately before the commencement, a payment— was to be made because of an adjudication of a payment claim mentioned in previous section 7(1); and had not been made. The payment is prescribed as a payment for section 31 (1) (e) of the Act . s 42 ins 2018 SL No. 177 s 13 (sec.42-ssec.1) This section applies if, immediately before the commencement, a payment— was to be made because of an adjudication of a payment claim mentioned in previous section 7(1); and had not been made. (sec.42-ssec.2) The payment is prescribed as a payment for section 31 (1) (e) of the Act .
- (a) was to be made because of an adjudication of a payment claim mentioned in previous section 7(1); and
- (b) had not been made.