South Australian Numbered Acts South Australian Numbered Acts (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 72 hours after the time at which the freezing order took 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 set out in section 17(2); and
(b) must
not extend the duration of the freezing order unless satisfied that—
(i)
an application for a restraining order in respect of the
money in the account has been made; and
(ii)
the application for the restraining order has not been
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).