3265Payment into court—bond or security

3265 Payment into court—bond or security (1) The respondent may lodge a bond or security for the amount of payment with the registrar instead of paying the amount into court. (2) The bond must be given by— (a) a corporation approved by the registrar; or (b) the Territory, the Commonwealth or a State; or (c) a person who is authorised, in writing, to give the bond for a person mentioned in paragraph (a) or (b). (3) The bond or security— (a) remains in effect unless the arbitral tribunal otherwise certifies; and (b) applies as if the party had paid the amount of the bond or security into court under subrule (1).

Commercial arbitration—payment into court Division 3.3.2 Rule 3266