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Child Support Act 1991

Payment of financial support - Establishment and operation of Child Support Trust Bank Account

139: Establishment of Child Support Trust Bank Account

You could also call this:

"Setting up a special bank account for child support money"

This law creates a special bank account called the Child Support Trust Bank Account. This account is set up to handle money related to child support payments.

The account follows certain rules set out in the Public Finance Act. Specifically, it follows the rules in Section 66(4) of that Act.

The Child Support Trust Bank Account is officially considered a trust bank account. This means it has to follow special rules about how the money in it is managed and used. These rules are outlined in Section 67 of the Public Finance Act.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM256503.

Topics:
Family and relationships > Children and parenting
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138: Apportionment of payment between payees, or

"Splitting child support payments when you owe money to more than one person"

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140: Payments into, and out of, Child Support Trust Bank Account, or

"How money moves in and out of the special child support bank account"

Part 9Payment of financial support
Establishment and operation of Child Support Trust Bank Account

139Establishment of Child Support Trust Bank Account

  1. An account by the name of the Child Support Trust Bank Account is established by this section.

  2. Section 66(4) of the Public Finance Act 1989 shall apply to that account.

  3. The Child Support Trust Bank Account is a trust bank account for the purposes of section 67 of the Public Finance Act 1989.