Banking Act 1959

Part IX - Miscellaneous  

SECTION 70H  

70H   Debits to reflect reduced amounts specified in authorisations  

If an authorisation under any of the following sections specifying an amount to be credited to the Account is amended so as to reduce the amount, an amount equal to the reduction must be debited from the Account:

(a) section 70C ;

(b) section 131A of the Insurance Act 1973 ;

(c) section 251A of the Life Insurance Act 1995 .