Document ID: chunk:federal_register_of_legislation:C2025C00167:section:54h
Version: federal_register_of_legislation:C2025C00167
Segment Type: section
Provision Reference: s 54H
Character Range: 183216–184199

54H  Duties of person entitled to deduct money owing to declared debtor
 (1) Where, during the stay period in relation to a declaration of intention presented by a debtor, a copy of the declaration signed by the Official Receiver who accepted it is produced to a person who is entitled under a law of the Commonwealth, of a State or of a Territory:
 (a) to retain or deduct money from money payable or owing, or to become payable or owing, to the debtor; and
 (b) to apply the retained or deducted money toward discharging a frozen debt owed by the debtor to any person;
subsections (2) and (3) apply.
 (2) The person shall, throughout the remainder of that period:
 (a) refrain from so retaining or deducting money; and
 (b) refrain from paying to a person (other than the debtor), or otherwise applying, money that was so retained or deducted before the signed copy was produced to the person.
 (3) Nothing in this section affects a person's liability to pay money to the debtor.