31HWhen does a freezing order take effect?

31H When does a freezing order take effect? (1) A freezing order takes effect on the date and at the time that notice of the freezing order is given to the financial institution in accordance with section 31G. (2) Subject to section 31I, a freezing order ceases to be in force on— S. 31H(2)(a) amended by Nos 68/2010 s. 48(1), 44/2022 ss 7, 61(a). (a) the making of a restraining order, civil forfeiture restraining order or unexplained wealth restraining order in respect of the money in, or digital asset associated with, the account; or S. 31H(2)(b) amended by Nos 68/2010 s. 16(1), 44/2022 s. 61(b). (b) the expiration of 5 business days after the day on which the freezing order took effect— S. 31I inserted by No. 63/2003 s. 10.