3265
In forcePayment into court—bond or security
Chapter 3Particular civil proceedings
Part 3.3Commercial arbitration
Division 3.3.2Commercial arbitration—payment into court
3265 Payment into court—bond or security
(1)
The respondent may lodge a bond or security for the amount of payment with the registrar instead of paying the amount into court.
(2)
The bond must be given by—
(a)
a corporation approved by the registrar; or
(b)
the Territory, the Commonwealth or a State; or
(c)
a person who is authorised, in writing, to give the bond for a person mentioned in paragraph (a) or (b).
(3)
The bond or security—
(a)
remains in effect unless the arbitral tribunal otherwise certifies; and
(b)
applies as if the party had paid the amount of the bond or security into court under subrule (1).
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