(This note is not part of the Rules)
These Rules govern the way in which funds are paid into, dealt with in and paid out of court.
Part 1 revokes the Court Funds Rules 1987, except that they continue to apply to such extent as may be necessary for giving effect to any order, direction or request made before 3rd October 2011. Part 1 also contains provisions for interpreting the Rules. It also prescribes the courts to which these Rules apply and contains definitions.
Part 2 sets out what documents are required to deposit funds and how funds may be deposited.
Part 3 deals with investment options for a fund in court, who makes investment decisions and when investments may be made.
Part 4 deals with payment out of a fund in court. It deals with the documents required for payment out and the circumstances in which a fund in court can be released where the person entitled to the fund in court has died.
Part 5 deals with unclaimed funds.
Part 6 contains miscellaneous provisions including how to obtain information on a fund in court and when the Accountant General is required to transfer funds to the National Debt Commissioners.