A New Tax System (Family Assistance) (Administration) Act 1999
PART 3
-
PAYMENT OF FAMILY ASSISTANCE (OTHER THAN CHILD CARE SUBSIDY AND ADDITIONAL CHILD CARE SUBSIDY)
Division 5
-
Payment protection and garnishee orders
SECTION 67
Effect of garnishee etc order
67(1)
If:
(a) a person has an account with a financial institution; and
(b) payments of any of the kinds mentioned in subsection 66(1) are being paid, or have been paid, to the credit of the account; and
(c) a court order in the nature of a garnishee order comes into force in respect of the account;
67(2)
The saved amount is worked out as follows: Method statement
Step 1.
Step 2.
View history note
Hide history noteIf:
(a) a person has an account with a financial institution; and
(b) payments of any of the kinds mentioned in subsection 66(1) are being paid, or have been paid, to the credit of the account; and
(c) a court order in the nature of a garnishee order comes into force in respect of the account;
the court order does not apply to the saved amount (if any) in the account.
67(2)
The saved amount is worked out as follows: Method statement
Step 1.
Work out the total amount of the payments mentioned in subsection (1) that have been paid to the credit of the account during the 4 week period immediately before the court order came into force.
Step 2.
Subtract from the step 1 amount the total amount withdrawn from the account during the same 4 week period: the result is the saved amount .
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.