Document ID: chunk:federal_register_of_legislation:C2021A00109:clause:1_56d
Version: federal_register_of_legislation:C2021A00109
Segment Type: clause
Provision Reference: sch 1 cl 56D
Character Range: 14152–14891

56D  Additional protection of advance payment—garnishee orders
 (1) If:
 (a) an advance payment is being paid, or has been paid, to the credit of an account; and
 (b) a court order in the nature of a garnishee order comes into force in relation to the account;
the court order does not apply to the saved amount (if any) in the account.
 (2) The saved amount is worked out as follows:

      Method statement
           Step 1. Work out the amount of the advance payment that has been paid to the credit of the account in the year immediately before the court order came into force.
           Step 2. Subtract from the amount of that payment the total amount withdrawn from the account during that year: the result is the saved amount.