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STATE PENALTIES ENFORCEMENT ACT 1999 - SECT 102
Financial institution to make payments
102 Financial institution to make payments
(1) For each regular deposit into the enforcement debtor’s account while the
fine collection notice for regular redirection is in force, the financial
institution— (a) within 2 days after the deposit, must deduct from the
account the amount stated in the notice and pay it to SPER as stated in the
notice; and
(b) may only charge the enforcement debtor an amount (an
"administration charge" ), as an administrative cost of complying with the
notice, of not more than the amount prescribed by regulation; and
(c) must
give the enforcement debtor notice of the deduction and any
administration charge.
(2) However, the financial institution must not deduct
an amount from the account if— (a) the deduction would cause the account to
be overdrawn; or
(b) the deduction would cause the total balance of all the
accounts the enforcement debtor holds with the financial institution to be
less than the amount prescribed by regulation (the
"protected amount" ).
(3) Also, in applying subsection (1) (a) to the last
deduction, the financial institution must deduct the amount, not more than the
amount stated in the notice for deduction for each regular deposit, that
results in the total amount deducted by the financial institution being the
total amount to be deducted under the notice.
(4) If the financial
institution is prevented by subsection (2) from deducting from the account the
full amount of the recoverable amount, it must deduct as much of the amount,
if any, that it may deduct without contravening subsection (2) . Example—
If the recoverable amount is $950, the protected amount is $400 and the
enforcement debtor’s account has a balance of $725, the financial
institution must deduct $325 from the account.
(5) A deduction paid or kept
by a financial institution under this section is a valid discharge of the
financial institution’s liability to the enforcement debtor to the extent of
the deduction.
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