VICIn ForceAct
Building and Construction Industry Security of Payment Act 2002
34Notice of claim operates as assignment of debt
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34 Notice of claim operates as assignment of debt
(1) The service of a notice of claim on the principal operates to assign to the claimant the obligation of the principal to pay the money owed under the contract to the respondent.
(2) The assignment is limited to the claimant's certified debt.
(3) The assignment is subject to any prior assignment under this Division that is binding on the principal and the respondent.