Here's a great law change to protect sub-contractors when building companies collapse.

"Under the new legislation, companies and directors who choose to hold retention money against sub-contractors will now be required to hold the money on trust in a separate bank account, which cannot be mixed with other company money or assets."

https://www.stuff.co.nz/business/131735515/law-change-ensures-subcontractors-are-paid-retention-money-when-building-companies-collapse

#NZ #NZPol #Building #Subbies