— Articles
Briefings from the bond desk.
Security-of-payment reform, retention bans, and what each change means for the contractors holding the instruments — written for bond administrators, not lawyers.
Victorian SOPA reforms: contractors now have the right to claim back their bonds.
From 1 September 2026, Victoria introduces a statutory right to issue payment claims for bond returns and a 5-business-day calling notice requirement — applying to contracts already on foot.
Regulatory briefing · 4 min read
The UK is looking to ban retentions. Are you ready?
The UK Government's late payments consultation proposes banning retention money under construction contracts, with 87% of respondents favouring reform — and surety bonds positioned as the alternative.
Market briefing · 3 min read
Your bond and retention are treated the same under WA law.
Under the WA Building and Construction Industry (Security of Payment) Act 2021, a surety bond or bank guarantee and cash retention are legally equivalent instruments — same protections, same recourse rules.
Performance security · 4 min read