Document ID: chunk:federal_register_of_legislation:F2016L01901:reg:20
Version: federal_register_of_legislation:F2016L01901
Segment Type: reg
Provision Reference: reg 20
Character Range: 13063–14631

20  Frozen accounts

Accounts frozen by court order
 (1) This subsection specifies an account to which the following apply:
 (a) deposits into the account and withdrawals from the account have not been allowed by order of a court;
 (b) the order no longer prohibits deposits into the account and withdrawals from the account.
 (2) The conditions relating to an account specified by subsection (1) are that:
 (a) no deposits have been made into the account for at least 7 years after the day the order mentioned in paragraph (1)(a) ceased to prohibit deposits into the account and withdrawals from the account; and
 (b) no withdrawals have been made from the account for at least 7 years after the day that order ceased to prohibit deposits into the account and withdrawals from the account.

Accounts frozen by operation of law
 (3) This subsection specifies an account to which the following apply:
 (a) deposits into the account and withdrawals from the account have not been allowed by the operation of a law;
 (b) the law no longer prohibits deposits into the account and withdrawals from the account.
 (4) The conditions relating to an account specified by subsection (3) are that:
 (a) no deposits have been made into the account for at least 7 years after the day the law mentioned in paragraph (3)(a) ceased to prohibit deposits into the account and withdrawals from the account; and
 (b) no withdrawals have been made from the account for at least 7 years after the day that law ceased to prohibit deposits into the account and withdrawals from the account.