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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
5 mins to read

Tougher subbies’ retentions law on the way

Gaps in existing rules have led to construction firms mixing retentions with other funds.

Maria Slade Wed, 30 Jun 2021

The construction sector is welcoming a new law that will make main contractors hold money in trust for subbies in case things go wrong.

The government has introduced the Construction Contracts (Retention Money) Bill, a year after it first proposed toughening up the rules.

Retentions are

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Tougher subbies’ retentions law on the way
General Business,
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