VIC’s Security of Payment regime is set by the Building and Construction Industry Security of Payment Act 2002 (Vic). This is a short, plain-English orientation — not legal advice, and not a substitute for the Act itself or qualified advice.
The lead Act in VIC
In VIC, progress-payment rights are governed by the Building and Construction Industry Security of Payment Act 2002 (Vic).
- Victoria’s Act follows the East Coast payment-claim / payment-schedule / adjudication structure.
- It has some distinctive features — such as “excluded amounts” and limits on claimable variations — that can make claims more technical than in NSW.
- Because those features affect what you can validly claim, confirming the current Act (or getting advice) matters more here than a generic template suggests.
The process, in short
Like the rest of the East Coast model, the process runs from a payment claim, to a payment schedule in reply, to adjudication if the claim is short-paid or unanswered, and then to enforcement of the adjudicated amount. The specific timeframes and requirements are set by this state’s Act — each is a defined number of business days that varies by jurisdiction, so confirm the current Act rather than relying on a number from elsewhere.
Where it leaves trades exposed — and what you control
The statutory right is powerful but reactive: you invoke it after the work is done and the money is already at risk, on strict timeframes, and a winning determination is worth little if the payer is insolvent.
What you do control is the record you bring to it. Adjudication is fast and document-based, so a claim is worth roughly what the evidence behind it is worth: a written quote the client accepted, the job broken into defined stages, dated sign-off on each stage as it was completed, site photos and diary entries from the relevant days, and an invoice raised against that stage at the time. Stagex keeps that record. It does not hold, secure or release your client’s money and is not licensed to — they pay you directly — and it changes nothing about what this state’s Act entitles you to.