Do you engage in commercial construction contracts in New Zealand? Are you ready for the Construction Contracts (Retention Money) Amendment Act 2023 which comes into force on the 5 October 2023? With clear penalties for non-compliance, its vital that your construction contracts in New Zealand are up to scratch. Don’t miss this critical examination of key changes, new obligations, and suggested considerations under the new regime. Register now and ensure you avoid penalties.
10.30am to 11.30am Revised Retentions Regime: Obligations on Parties to Construction Contracts from 5 October 2023 Under the Construction Contracts (Retention Money) Amendment Act 2023
- Key changes to the retentions regime by virtue of the Construction Contracts (Retention Money) Amendment Act 2023 in New Zealand
- Obligations on a retention holder (such as a Principal or Contractor) to ensure compliance
- Navigating the significant penalties for non-compliance
- Steps that parties to commercial construction contracts should take for contracts entered into (or renewed) after 5 October 2023
Presented by Christine Gordon, Senior Associate, Simpson Grierson
Description
Attend and earn 1 CPD unit in Substantive Law
This program is based on NZ legislation
Presenters
Christine Gordon, Senior Associate, Simpson Grierson
Christine is a senior associate in the construction group. She has gained over 14 years’ experience as a specialist construction lawyer at leading firms in New Zealand and London. Christine advises a broad range of construction parties from principals, contractors and sub-contractors to engineers, architects and insurers on issues arising both during and after construction. She has experience with New Zealand and international forms of construction contracts and consultancy services agreements. Christine’s experience extends to acting for parties in resolving complex and high value disputes through arbitration, mediation, adjudication, court, expert determination and other dispute resolution forums.
