GLOSSARY TERM  
  Contractors Debts Act 1997 (NSW)  
 
  DESCRIPTION  
  An Act to provide for the recovery of debts by an unpaid subcontractor or supplier who is owed money for work carried out or for materials supplied. The Act sets out procedures for the unpaid person to obtain payment of that money owed out of money payable or that becomes payable to the defaulting contractor by the principal for work or materials carried out or supplies by the defaulting contractor.