BECOME A MEMBER
Connecting New Zealand

Retentions changes to Construction Contracts Act come into force 5 October

21 Sep 2023


The Construction Contracts (Retention Money) Amendment Act 2023 will come into effect on 5 October 2023, and will become part of the Construction Contracts Act 2002.

Key changes for contractors include: 

• Separate bank account
• Reporting and record keeping, and
• Fines and penalties in case of non-compliance

CCNZ will host a webinar on 27 September with Core Associate Dentons. Click here to register>>

Read a handout from CCNZ Core Associate Dentons explaining the major changes for contractors>>

Read the full update on the MBIE website>>

 

 

RELATED




Principal Business Partner
Core Associates
Major Associates
Aptella
RB Recruitment
Youngman Richardson
Infrastructure New Zealand
Liebherr New Zealand
TDX Ltd
Hydraulink Fluid Connecters Ltd
Advice Financial
Portacom New Zealand Limited
Vertical Horizonz NZ Ltd
Reliance Reinforcing Limited
Firth Certified Concrete
Habit Health EAP
Absolute Immigration NZ
New Zealand Transport Agency
Teletrac Navman
Hynds Pipe Systems
Site App Pro
Greenlight Insurance Brokers
beforeUdig
Geosynthetic Partners International Ltd
Connexis
H.J. Asmuss & Co. Ltd
n3
Humes Pipeline Systems
MIMICO NZ Ltd
Winstone Aggregates
Turners Group Ltd: Head Office/Auckland
AB Equipment Ltd
AON New Zealand
Assignar
Marley NZ Ltd
Over and Out Communications
MBP (NZ) Ltd
Plan A
Trade Me Jobs
ENZED
Mico New Zealand Ltd
Franklin Smith Group
RobLawMax Recruitment
Rimkus
Northpine Ltd
Wirtgen NZ Ltd
Impac Services Limited
Prime Fluid Management
SITECH NZ
ERoad Ltd
Kobelco New Zealand
TR Group
Remarkable People Ltd
CivilShare
Geofabrics New Zealand Ltd
Central Group
MATES In Construction
Coninnova Limited
Norwood
SG Fleet
GHD Limited
AEL
Commercial Hire NZ Ltd
First Gas
Solo
Fluiconnecto Ryco New Zealand Ltd
OneStaff Limited
Komatsu New Zealand Ltd
SAMI Bitumen Technologies Pty Ltd
BNZ Partners
Brandt Tractor Limited
Enviro NZ Services Ltd
Terra Infrastructure Pty Ltd
Global Survey - Auckland
AWF
Aggregates & Quarry Association
Doug the Digger
Manage Company
TotalEnergies NZ Ltd
Nulca NZ
Terra Cat
Westpac NZ Ltd
Commercial Vehicle Holdings
UDC Finance
The Drug Detection Agency
Porter Group Limited
Bridon Cookes
AECOM New Zealand Limited
Holcim New Zealand Ltd
Infrastructure Sustainability Council
Iplex Pipelines NZ

Log in





Forgot password?
Create an Account