The Construction Contracts Act 2002 provides a process for dealing with payments and disputes under a construction contract, including requirements for withholding retention money from subcontractors.
The Construction Contracts Act:
- protects retention money withheld under commercial construction contracts
- helps to ensure a fair, balanced and timely payment regime
- provides a fast and cost-effective adjudication process for people with disputes
- provides enforcement mechanisms to recover any unmade payments.
Learn more about retention money, including the requirements for withholding it. Also access resources to support your understanding of the retention money regime.
Retention money requirements
New requirements for those who withhold retention money commenced on 5 October 2023.
Retention money offences and penalties
Offences and penalties for failing to hold, and report on, retention money properly.
Retention money complaints
The complaints process under the retention money regime.
Retention money resources
Resources to support your understanding of the retention money regime.
Learn about payments and disputes under the Construction Contracts Act 2002.
Learn about other changes made to the Construction Contracts Act since it was introduced in 2002.