Obligations under existing security agreements continued
6 Obligations under existing security agreements continued
An existing security agreement in force immediately before the repeal of the 1978 Act is taken, on that repeal, to be a bail security agreement.
However, the 1978 Act continues to apply in respect of any forfeiture order made under Part 7A of that Act before its repeal.
Except as provided by subclause (2), this Act extends to bail money agreed to be forfeited under an existing security agreement or bail security deposited, before the repeal of the 1978 Act, as security for the payment of bail money under an existing security agreement.
In Schedule 2, a reference to a fail to appear offence includes a reference to an offence under section 51 of the 1978 Act.
A reference in any existing security agreement to a bail undertaking is taken, for the purposes of this Act, to include a reference to a bail acknowledgment.
This Act’s bill:Explanatory memorandumSecond reading speech
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