Dealing with money paid into Court

In force

(1)

Money paid into Court in a proceeding must:

(a)

if the Court has made an order under subrule (2)—be paid, credited or applied in accordance with the order; or

(b)

if paragraph (a) does not apply—be paid into the Litigants’ Fund.

(2)

A party may apply to the Court for an order:

(a)

that money paid, or to be paid, into Court be paid, credited or applied in a manner other than by payment into the Litigants’ Fund; and

(b)

in relation to the disbursement of any interest earned on the money.

Note:

As soon as practicable after money has been paid into Court in a proceeding, the relevant District Registrar will give a notice to each party stating that the money has been received and giving details of how the money has been paid, credited or applied.

This Act’s bill:Explanatory statement

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2.42 Dealing with money paid into Court