Don’t run the risk of your clients facing significant delays in receiving payments for completed work, disputes due to non-compliance or leave them vulnerable to heightened risk of insolvency for persistent payment issues. Let this session be your handbook to breaking down SOPA's provisions, terminologies, applicability, and processes into understandable components. From managing payment claims to knowing your rights and obligations, this session is your essential tool. Grasp the nuances of SOPA to ensure smoother project execution and reduce the risk of payment disputes for your construction clients.
Description
Attend and earn 1 CPD unit in Substantive Law
This program is based on NSW legislation
1.00pm to 2.00pm Security of Payment Fundamentals
The Building and Construction Industry Security of Payment Act 1999 (NSW) (SOP Act) is a complex piece of legislation and requires a thorough understanding of the rights, obligations and time limits set out therein to practice effectively in the area. Benefit from this A-Z guide as you cover:
- A broad overview of the SOP Act
- A consideration of the rights, obligations and time limits under the SOP Act
- Grounds to set aside an adjudicator’s determination (jurisdictional error)
- Common problems encountered and how to deal with them, including:
- Validity of payment claims and payment schedules
- Consequences of not providing a payment schedule
Presented by Vikram Misra, Barrister, Clarence Chambers
Presenters
Vikram Misra, Barrister, Clarence Chambersx
Vikram Misra was admitted as a solicitor in 2012 and called to the NSW Bar in 2015. He maintains a broad commercial practice and is regularly briefed in matters relating to taxation law, property law, construction law and equity. Vikram has completed a Graduate Diploma in Taxation Law at the University of Sydney in 2015 and a Master of Laws majoring in construction law and contract law at the University of Melbourne in 2016. Vikram is also a contributing author to the Domestic Arbitration, International Arbitration, Security of Payment (NSW) and Security of Payment (SA) sections of the looseleaf “Commercial Arbitration Law and Practice Service” for Thomson Reuters. Vikram is currently a casual academic at Western Sydney University in the subject "Building Law".
