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STATE PENALTIES ENFORCEMENT ACT 1999 - SECT 103C
Financial institution to make deduction
103C Financial institution to make deduction
(1) As soon as practicable after receiving the fine collection notice, the
financial institution must deduct the amount stated in the notice (the
"recoverable amount" ) from the accounts held by the enforcement debtor with
the institution.
(2) Unless required under the fine collection notice to
deduct the recoverable amount from a particular account held by the
enforcement debtor with the financial institution— (a) the institution may
decide the account from which to deduct the recoverable amount; and
(b) the
institution may deduct the recoverable amount by deducting lesser amounts from
2 or more of the accounts held by the enforcement debtor. Example— If the
recoverable amount is $1,200, the financial institution may deduct $1,000 from
one account and $200 from another account.
(3) However, the financial
institution must not deduct an amount from an 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" ).
(4) If the financial institution is prevented by
subsection (3) from deducting from the accounts the full amount of the
recoverable amount, it must deduct as much of the amount, if any, that it may
deduct without contravening subsection (3) . 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) If the financial institution makes a
deduction under this section, the institution may only charge the enforcement
debtor an amount, as an administrative cost of complying with the fine
collection notice, of not more than the amount prescribed by regulation.
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