South Australian Current Acts South Australian Current Acts21—Duration of freezing order
(1) Subject to this
section, a freezing order ceases to be in force on—
(a) the
making of a restraining order in respect of the money in the account; or
(b) the
expiration of the period of 7 days commencing when the freezing order takes
effect,
whichever occurs first.
(2) An authorised
police officer may apply to a magistrate for an extension of the duration of a
freezing order.
(3) On an application
under subsection (2), the magistrate—
(a) must
have regard to the matters specified in section 17(2)(a) (and may have
regard to any matter specified in section 17(2)(b)); and
(b) must
not extend the duration of the freezing order unless satisfied that an
application for a restraining order in respect of the money in the account is
to be made or has been made but not yet determined.
(4) An extension of
the duration of a freezing order issued in relation to an account at a
financial institution takes effect on the date and at the time that notice of
the extension is given to the financial institution in accordance with this
section.
(5) Notice of the
extension may be given to a financial institution by giving the
financial institution a notice in the prescribed form.
(6) If the duration of
a freezing order is extended in accordance with this section, the
freezing order ceases to be in force when the application for the
restraining order referred to in subsection (3)(b) has been determined
(and if a restraining order is not made in respect of the money in the
account, the applicant for the extension must give the financial institution a
notice in the prescribed form advising the financial institution of the
cessation of the freezing order).