Commonwealth Consolidated Regulations

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HIGH COURT RULES 2004 - RULE 12.03

Moneys in Court

12.03.1     An order which directs funds to be paid into Court shall direct the credit to which the funds are to be placed.

12.03.2     An order which directs funds in Court to be paid, transferred, delivered or carried over to a credit other than that to which they are standing, or to be otherwise dealt with, shall state the particulars of the payment or other operation to be carried out.

12.03.3     Funds paid into Court under an order shall be paid into the Bank to the credit of an account entitled 'High Court of Australia Suitors' Fund'.

12.03.4     Funds paid into the Bank pursuant to rule   12.03.3 shall not be withdrawn or paid from the Bank otherwise than in accordance with these Rules or under the authority or order of the Court or a Justice, but the Bank may make a payment under an order signed by a Registrar, and countersigned by the Marshal, without enquiry whether an order has been made.

12.03.5     The Court or a Justice may direct that any funds paid or to be paid into Court under an order shall be deposited at interest in the Bank, or invested at interest in stock or securities of the Commonwealth, in the names of a Registrar and the Marshal.

12.03.6     The Court or a Justice may direct how, and in what manner, in what amounts and to what accounts interest shall be credited.

 


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