ADI account
79 ADI account
An amount standing to the credit of the fine defaulter referred to in section 78(1) in an account in an ADI or a co-operative is, for the purpose of section 78(4)(a), a debt due or accruing to the fine defaulter, despite any of the following conditions applicable to the account not being satisfied—
that a demand or notice is required before money is withdrawn;
that a personal application must be made before money is withdrawn;
that a deposit book must be produced before money is withdrawn;
that a receipt for money deposited in the account must be produced before money is withdrawn.
This Act’s bill:Explanatory memorandumSecond reading speech
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