Contractor retentions regime a lemon, industry told

Contractor retentions regime a lemon, industry told
Victoria Young
A legal expert says the retentions regime meant to protect subcontractors has turned out to be a lemon that will not protect them in the vast majority of construction company collapses. Martelli McKegg partner Geoff Hardy told delegates at an industry conference that the law which makes the holding of retentions on trust compulsory was misconceived. The industry continues to consider how the regime applies following construction collapses such as Ebert Construction, Orange-H, Arrow Construction, Stanley Group and Tallwood Holdings. So...

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