CONTRACTORS DEBTS ACT 1997 - SECT 17 Limitation period

CONTRACTORS DEBTS ACT 1997 - SECT 17

17 Limitation period

(1) Proceedings under this Act in respect of a debt cannot be taken more than 12 months after the debt becomes payable.

(2) A debt that is payable to an unpaid person because of an assignment effected by operation of this Act becomes payable when it would have become payable to the defaulting contractor had there been no assignment.