Regulation 49 — Acknowledgment of consequences of failure to comply with conditions
Text of provision
(1) A person who pays a deposit or posts a guarantee must acknowledge in writing
(a) that they have been informed of the conditions imposed; and
(b) that they have been informed that non-compliance with any conditions imposed will result in the forfeiture of the deposit or enforcement of the guarantee.
(2) An officer shall issue a receipt for the deposit or a copy of the guarantee, and a copy of the conditions imposed.
(3) If an officer determines that the person or group of persons in respect of whom the deposit was required has complied with the conditions imposed, the deposit shall be returned.
(4) A sum of money deposited is forfeited, or a guarantee posted becomes enforceable, on the failure of the person or any member of the group of persons in respect of whom the deposit or guarantee was required to comply with a condition imposed.