- (1)
- Money deposited in an account in a financial institution that is payable
on call is a debt due to the payer even if a condition relating to the account
is unsatisfied.
- (2)
- Money deposited in an account in a financial
institution that is payable on notice is a debt due to the payer at the end of
the notice period required, starting on the date of service of the Third Party
Debt Notice (Form 17) on the third party debtor.
Note
Some legislative
provisions provide that payments under the legislation are exempt from
payment: for example, some pensions.