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r 31.08

Liability of ADI

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Chapter 1General Rules
Part 31Security for costs

31.08 Liability of ADI

(1) An irrevocable guarantee filed under rule 31.06 may be amended or revoked only with the leave of the Court.

(2) Unless the Court orders otherwise, an ADI that has given an irrevocable guarantee may discharge its liability under the guarantee only by:

(a)

payment into the Court of the total sum guaranteed; and

(b) filing a notice of discharge and payment into the Court in accordance with Form 31B.

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