NSWIn ForceAct
Contractors Debts Act 1997
8Notice of claim operates as assignment of debt
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#### 8 Notice of claim operates as assignment of debt
8 Notice of claim operates as assignment of debt
> > (1) Service of a notice of claim on the principal operates to assign to the unpaid person the obligation of the principal to pay the money owed under the contract to the defaulting contractor.
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> > (2) The assignment is limited to the amount of the unpaid person’s certified debt.
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> > (3) The assignment is subject to any prior assignment under this Act that is binding on the principal and the defaulting contractor.