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UNIFORM CIVIL PROCEDURE RULES 1999 - REG 851 Financial institution to make payments

UNIFORM CIVIL PROCEDURE RULES 1999 - REG 851

Financial institution to make payments

851 Financial institution to make payments

(1) For each regular deposit into the enforcement debtor’s account while the enforcement warrant for regular redirection is in force, the financial institution—
(a) within 2 business days after the deposit, must deduct from the account the amount specified in the warrant and pay it to the person specified in the warrant; and
(b) may deduct from the account an administration charge and keep it as a contribution towards the administrative cost of making payments under the warrant; and
(c) must give to the enforcement debtor a notice detailing the deductions.
(2) However, in applying subrule (1) (a) to the last deduction, the financial institution must deduct the amount, being no more than the amount specified in the warrant for deduction for each regular deposit, that results in the total amount deducted by the financial institution being the total amount for deduction specified in the warrant.
(3) A deduction paid or kept by a financial institution under subrule (1) is a valid discharge of the financial institution’s liability to the enforcement debtor to the extent of the deduction.