Proposed new deposit and progress payment requirements for home building contracts
Victoria is consulting on draft regulations for new deposit and progress payment rules for home building contracts. A regulatory impact statement has been released as part of the process.
How will Victoria's new deposit and progress payment rules change my home building contracts?
Builders and contractors in Victoria will need to review how they structure payment terms and deposits in residential contracts. Changes could affect cash flow management day-to-day.
Key takeaways
- Victoria is consulting on new rules for deposits and progress payments in home building contracts.
- A regulatory impact statement has been released alongside the draft regulations.
- Builders should review the proposed changes and consider submitting feedback during consultation.
- New rules could affect how residential contractors structure and collect payments.
Related
Inquiry into the financial and operational performance of TasWater
HIA's Tasmanian Executive Director Benjamin Price addressed the Public Accounts Committee regarding TasWater's financial and operational performance. The statement covers issues relevant to the water utility's impact on the building and construction industry in Tasmania.
Why it matters: Builders and plumbers in Tasmania may be affected by TasWater's performance, including connection delays, infrastructure capacity, and cost impacts on new developments.
Brick supply and allocation update
HIA is working with government and manufacturers on brick supply and allocation issues affecting home building in WA. No specific outcomes or changes have been announced yet.
Why it matters: Builders in WA may face ongoing project delays due to brick shortages. Supply constraints can affect scheduling, contract timelines, and cash flow.
Preparing for the card surcharge ban
From 1 October 2026, card surcharges will be banned in Australia. Builders, contractors and suppliers must update their pricing, contracts and payment systems before the deadline.
Why it matters: Affects builders, plumbers, electricians and all trade contractors who currently pass card fees to customers. They must absorb or restructure costs before October 2026.