1.1.S.10 Saved amount
The 'saved amount' is the amount in a person's account into which instalments of PLP or DAPP are paid, which is protected from garnishee under a court order.
The saved amount is the difference between the amount of instalments that have been paid to the credit of the person's account in the 4 weeks immediately before the court order came into force and the amount that the person has withdrawn from that account in the 4 week period.
Act reference: PPLAct section 6 The Dictionary, section 97 Effect of garnishee etc. order (PLP), section 115EK Effect of garnishee etc. order (DAPP)
Policy reference: PPL Guide 220.127.116.11 Debt Recovery by Garnishee Notice
Last reviewed: 8 May 2017