Document ID: chunk:federal_register_of_legislation:C2025C00034:section:15n
Version: federal_register_of_legislation:C2025C00034
Segment Type: section
Provision Reference: s 15N
Character Range: 83244–84104

15N  When a freezing order is in force
 (1) A *freezing order relating to an *account with a *financial institution comes into force when a copy of the order (or of a form of the order under section 15E) is given to the institution. However, the order does not come into force if the copy is given to the institution after the end of the first *working day after the order is made.
 (2) The *freezing order remains in force until:
 (a) the end of the period specified in the order (as affected by section 15P if relevant) from when the copy of the order was given to the institution; or
 (b) if, before the end of that period, a court makes a decision on an application for a *restraining order to cover the *account—the time the court makes that decision.
 (3) The *freezing order, as originally made, must not specify a period of more than 3 *working days.