Retention money resources

Retention money - resources

Resources are available to help those impacted understand the requirements of the retention money regime.

Guidance document

MBIE has published guidance to help people who withhold retention money comply with the strengthened retention regime.

Retention Money Guidance for the Construction Contracts Act 2002 [PDF 6.8MB]

This guidance is for:

  • property owners, developers, contractors and anyone who withholds retention money
  • contractors and subcontractors who have retention money withheld from them as a security for performance
  • legal, accounting and insolvency professionals.

The guidance includes:

  • how to comply with the Amendment Act
  • roles and responsibilities of MBIE, people who withhold retention money, people who have retention money withheld from them, insolvency practitioners, and others
  • how people who withhold retention money can meet reporting requirements to the people they withhold retention money from
  • what happens to retention money held in the event of insolvency or receivership
  • information on the consequences of non-compliance or misrepresentation
  • definitions and explanations of key terms and concepts.


On 25 August 2023, MBIE held a webinar for main contractors, sub-contractors, clients, and payment certifiers (Quantity Surveyors and Engineers to Contract) to explain what the changes in the Amendment Act mean for these groups.

Video transcript

Example reports

MBIE has developed examples for each type of reporting requirement under the retention money regime (from party A to party B).

Retention Money Payment Schedule [PDF 287KB]

Retention Money Internal Report [PDF 296KB]

Retention Money Quarterly Statement [PDF 293KB]

Retention Money Transaction Report [PDF 287KB]

Helpful links

Construction Contracts Act 2002 –

This information is published by the Ministry of Business, Innovation and Employment’s Chief Executive. It is a general guide only and, if used, does not relieve any person of the obligation to consider any matter to which the information relates according to the circumstances of the particular case. Expert advice may be required in specific circumstances. Where this information relates to assisting people: