Document ID: chunk:federal_register_of_legislation:C2004C01135:clause:1_1061zaaq
Version: federal_register_of_legislation:C2004C01135
Segment Type: clause
Provision Reference: sch 1 cl 1061ZAAQ
Character Range: 26528–27446

1061ZAAQ  Effect of garnishee or attachment order

 (1) This section applies if:
 (a) a person has an account with a financial institution (whether the account is maintained by the person alone, or jointly or in common with someone else); and
 (b) a court order in the nature of a garnishee order comes into force for the account; and
 (c) an amount of fares allowance has been paid to the credit of the account in the 4 weeks immediately before the court order came into force.

 (2) The court order does not apply to the saved amount (if any) in the account.

 (3) The saved amount is the amount worked out using the following Method statement.

      Method statement
           Step 1. Work out the amount of fares allowance paid to the credit of the account in the 4 weeks.
           Step 2. Subtract the total amount withdrawn from the account in the 4 weeks.
            The saved amount is the amount left.