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s 46

Available debt in relation to a judgment debtor

In force
Part 4Enforcing monetary judgments
Division 5Appropriating debts owed to a judgment debtor

46 Available debt in relation to a judgment debtor

(1)

An available debt in relation to a judgment debtor is any obligation on the part of a person to pay money to the debtor alone, or to the debtor jointly with another or others, which obligation, at the time a debt appropriation order is made —

(a)

is current and unconditional, irrespective of whether the money or any part of it is payable at some future time; or

(b)

will arise on the fulfilment of one or more conditions under —

(i)

an existing agreement or trust; or

(ii)

the will of a deceased person; or

(iii)

an issued share or other marketable security;

or

(c)

may arise in respect of an existing cause of action; or

(d)

is imposed by a written law and is likely to arise as a result of an event that has occurred.

(2)

The following are not available debts in relation to a judgment debtor —

(a)

earnings that are or may be payable to the debtor;

(b)

money standing to the credit of the debtor in a court;

(c)

money that is payable to the debtor as a trustee and in which the debtor does not have a beneficial interest, unless the judgment concerned was given against the debtor as that trustee.

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