Australian Capital Territory Current Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

COURT PROCEDURES RULES 2006 - REG 2306

Debt redirection order—account with financial institution

    (1)     An amount standing to the credit of an enforcement debtor in an account with a financial institution is, for enforcing a money order, a debt payable by the financial institution to the enforcement debtor.

    (2)     Subrule (1) applies even if any of the following conditions applying to the account have not been satisfied:

        (a)     a condition requiring a demand or notice to be made or given before an amount is withdrawn;

        (b)     a condition about how, or the place where, a demand is to be made;

        (c)     a condition requiring a personal application to be made before an amount is withdrawn;

        (d)     a condition requiring the production of a deposit book, receipt or anything else for an amount deposited in the account before the amount is withdrawn;

        (e)     a condition requiring an amount not be withdrawn for a stated period;

        (f)     a condition requiring a minimum amount for a withdrawal;

        (g)     a condition requiring a minimum balance to be maintained in the account;

        (h)     a similar condition.

    (3)     This rule applies, with any necessary changes, to an amount that is placed to the credit of an enforcement debtor in an account in a financial institution between the date of the debt redirection order and any hearing deciding the validity of the order.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback