Adequately Protecting Construction Insolvencies: Disposition of Trusts to Facilitate Security of Payment in AustraliaSource: Journal of Legal Affairs and Dispute Resolution in Engineering and Construction:;2015:;Volume ( 007 ):;issue: 001Author:Michael McCagh
DOI: 10.1061/(ASCE)LA.1943-4170.0000152Publisher: American Society of Civil Engineers
Abstract: Responsibility for ensuring prompt payment and preventing default in the construction industry in Australia is placed on the security of payment legislation. A recent surge of insolvencies among construction entities suggests that this legislation is failing in its ambitions. The recent Collins inquiry suggests that the imposition of one of several trust regimes would provide the industry with the protection it requires to curb the insolvency surge. The purposes of this article are to investigate whether the imposition of a trust regime is appropriate to obtain the required outcomes and to propose a regime structure based on an analysis of the available options.
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contributor author | Michael McCagh | |
date accessioned | 2017-05-08T22:30:03Z | |
date available | 2017-05-08T22:30:03Z | |
date copyright | February 2015 | |
date issued | 2015 | |
identifier other | 47059025.pdf | |
identifier uri | http://yetl.yabesh.ir/yetl/handle/yetl/81618 | |
description abstract | Responsibility for ensuring prompt payment and preventing default in the construction industry in Australia is placed on the security of payment legislation. A recent surge of insolvencies among construction entities suggests that this legislation is failing in its ambitions. The recent Collins inquiry suggests that the imposition of one of several trust regimes would provide the industry with the protection it requires to curb the insolvency surge. The purposes of this article are to investigate whether the imposition of a trust regime is appropriate to obtain the required outcomes and to propose a regime structure based on an analysis of the available options. | |
publisher | American Society of Civil Engineers | |
title | Adequately Protecting Construction Insolvencies: Disposition of Trusts to Facilitate Security of Payment in Australia | |
type | Journal Paper | |
journal volume | 7 | |
journal issue | 1 | |
journal title | Journal of Legal Affairs and Dispute Resolution in Engineering and Construction | |
identifier doi | 10.1061/(ASCE)LA.1943-4170.0000152 | |
tree | Journal of Legal Affairs and Dispute Resolution in Engineering and Construction:;2015:;Volume ( 007 ):;issue: 001 | |
contenttype | Fulltext |