Building and Construction Industry Security of Payment Regulation 2020 (NSW) (New Regulation)

Good Morning Monaco Global Customers,

We hope you all had a great and relaxing weekend. Much needed with the serval changes taking place from day to day. In addition to social distancing and increased hygiene regulations, the Building and Construction Industry Security of Payment Regulation 2020 (NSW) (New Regulation) was recently released by NSW Fair Trading. It has been updated to replace the current Building and Construction Industry Security of Payment Regulation 2008 (NSW). The New Regulation commenced on 1 September, 2020.

The aim of the New Regulation is to :
• Provide better protection for retention money.
• Make improvements to administrative efficiency and make reductions in regulatory requirements.
• Implement requirements for adjudicator eligibility.
The New Regulation does not apply to contracts entered into prior to its commencement date of 1 September, 2020.

How does this affect you?
While these changes have benefits, contractors should review the New Regulation to see how it impacts their business.

Monaco Global strives to contribute to the growth of our customers, by turning your hopes, plans, and possibilities into reality.
We truly value your business and would like to keep on supporting yours.

Don’t hesitate to call us on 0450 190 000. Keep in mind, we are one unit working together to achieve our goal of increasing productivity and efficiency on your site.

Disclaimer : This article is of a general nature only and individuals or entities should carry out their own research as to the accuracy of the above information.


It’s that time of the year again! working in hot weather conditions

Message from Master Builders Association – Members are reminded that employers should take a sensible risk based assessment approach to employees working in hot weather conditions.

Temperatures are expected to rise in the coming weeks and over the summer period, prompting the need for businesses and workers to work safely in the heat.

We remind members that Fatigue and heat stress are major causes of injury in hot conditions that can reduce a workers performance and productivity and increase the chance of injury by reducing the ability to concentrate, recognise risks and communicate effectively.

Workers and businesses need to cooperate with each other to protect themselves from the effect of working in heat. This can be achieved through rescheduling work to cooler periods of the day such as early morning or late afternoon. If this approach is not possible ensure workers have access to plain drinking water, at least 200mL every 15-20 minutes, shaded rest areas and frequent rest breaks.

Supervision is also an important consideration as people can deteriorate quickly if heat affected. Realistic workloads and work schedules should be set to ensure fair distribution of work.

It is important that workers don’t rely on energy or caffeinated drinks which can have a diuretic affect.

Workers can be exposed to UV radiation when working in the shade as well as the sun, so it is important to wear sun protection in all outdoor conditions. Workers should be provided clothing with a UPF 50+ rating such as loose shirts with long sleeves, collars and long pants. Broad spectrum sunscreen SPF 30+, broad brimmed hats and sunglasses which meet Australian Standards for UV protection can also be worn.

Some businesses have unfortunately signed CFMEU Enterprise Agreements which stipulate arbitrary temperatures to stop work. Whilst industrial parties have a legal obligation to abide by the provisions of their agreement, this approach is at odds with a proper risk management approach to health and safety.

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