Sentence examples for security of payments from inspiring English sources

Xenophon is insisting on amendments including changes to the building code on security of payments to protect subcontractors' pay and procurement rules that stipulate Australian-quality building materials.

Changes include a clause in the building code requiring companies to comply with obligations to subcontractors and establishing a working group to discuss improving security of payments laws.

Customer expectations regarding the speed, ease and security of payments are being driven by the new technology, and banks understand that older and more time-consuming approaches will come increasingly under attack.

Debate about the ABCC bill later resumed, with Hinch promising to vote in favour of it if amendments were made to security of payments legislation, such as forcing head contractors to hold money on trust.

On Monday, Xenophon said his party would continue to push amendments to the ABCC bill including on occupational health and safety, buy-Australian procurement provisions in the building code and security of payments for subcontractors.

"Whether five-year rates can go even lower remains to be seen but for those that are lucky enough to qualify for such a deal and want security of payments over the medium term, products such as these should be grabbed with both hands," said Montlake.

While Xenophon wants protections around "security of payment" for subcontractors, it is understood Victorian senator Derryn Hinch is preparing many pages of amendments to the ABCC bill which could see the bill postponed into the final week of parliament or beyond.

To put it simply, after September 11 the nature of relations between SWIFT and the US authorities changed beyond all recognition, and we are now seeing the consequences not only in terms of data protection for the EU but also in terms of the balance that should be struck between data protection, the fight against terrorism, the security of payment systems and protection against economic espionage.

Where many counterparties to a financial contract will have only an obligation to perform their contractual duties (e.g., delivering of a security, exchange of payments), an investment manager will owe to his client both a common law duty of care, and also a set of fiduciary duties.

Some consumers remain concerned about the security of contactless payments, but the association said instances of fraud were "extremely rare".

And it is a reasonable and experienced candidate for assuring the stability and security of the payments system.