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    Adequately Protecting Construction Insolvencies: Disposition of Trusts to Facilitate Security of Payment in Australia

    Source: Journal of Legal Affairs and Dispute Resolution in Engineering and Construction:;2015:;Volume ( 007 ):;issue: 001
    Author:
    Michael McCagh
    DOI: 10.1061/(ASCE)LA.1943-4170.0000152
    Publisher: 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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      Adequately Protecting Construction Insolvencies: Disposition of Trusts to Facilitate Security of Payment in Australia

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    http://yetl.yabesh.ir/yetl1/handle/yetl/81618
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    contributor authorMichael McCagh
    date accessioned2017-05-08T22:30:03Z
    date available2017-05-08T22:30:03Z
    date copyrightFebruary 2015
    date issued2015
    identifier other47059025.pdf
    identifier urihttp://yetl.yabesh.ir/yetl/handle/yetl/81618
    description abstractResponsibility 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.
    publisherAmerican Society of Civil Engineers
    titleAdequately Protecting Construction Insolvencies: Disposition of Trusts to Facilitate Security of Payment in Australia
    typeJournal Paper
    journal volume7
    journal issue1
    journal titleJournal of Legal Affairs and Dispute Resolution in Engineering and Construction
    identifier doi10.1061/(ASCE)LA.1943-4170.0000152
    treeJournal of Legal Affairs and Dispute Resolution in Engineering and Construction:;2015:;Volume ( 007 ):;issue: 001
    contenttypeFulltext
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