You have been asked to address the Property Council of New South Wales on the Building and Construction Industry Security of Payments act 1999 (as amended) In particular you have been asked to address the following aspects of the act; 1 how does the Act work? 2. Why was it introduced? 3. How does the act work in relation to the regular court actions? 4. What recent amendments have been made to the Act where a subcontractor of the builder has not been paid by the builder and in particular what rights has the subcontractor in relation to the owner of the property ? 2000 word limit.