Document ID: chunk:federal_register_of_legislation:C2025C00130:section:67gc
Version: federal_register_of_legislation:C2025C00130
Segment Type: section
Provision Reference: s 67GC
Character Range: 310794–311722

67GC  Effect of garnishee etc. order
 (1) If:
 (a) a person has an account with a financial institution; and
 (b) payments of any of the kinds mentioned in subsection 67GB(1) are being paid, or have been paid, to the credit of the account; and
 (c) a court order in the nature of a garnishee order comes into force in respect of 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 total amount of the payments mentioned in subsection (1) that have been paid to the credit of the account during the 4 week period immediately before the court order came into force.
           Step 2. Subtract from the step 1 amount the total amount withdrawn from the account during the same 4 week period: the result is the saved amount.

Part 4—Overpayments and debt recovery

Division 1—Preliminary