A New Tax System (Family Assistance) (Administration) Act 1999

PART 3A - PAYMENT OF CHILD CARE SUBSIDY AND ADDITIONAL CHILD CARE SUBSIDY  

Division 7 - Payment protection and garnishee orders  

SECTION 67GC   Effect of garnishee etc. order  

67GC(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.


67GC(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Subtract from the step 1 amount the total amount withdrawn from the account during the same 4 week period: the result is the saved amount.



 

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