20
CurrentEffect of freezing order
Part 2Freezing orders
20 Effect of freezing order
(1)
For the purposes of a freezing order, it is irrelevant whether or not money is deposited into the account in relation to which the freezing order was made after the order takes effect.
(2)
A freezing order does not prevent a financial institution from making withdrawals from an account for the purpose of meeting a liability imposed on the financial institution in connection with that account by any law of the State or the Commonwealth.
This Act’s bill:Second reading speech
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