Section 390 — Children, Young Persons, and Their Families Act 1989: Power to control finances of young persons under guardianship or in custody

390 Power to control finances of young persons under guardianship or in custody (1) Every person (being the chief executive or an Iwi Social Service or a Cultural Social Service or the Director of a Child and Family Support Service) shall have such authority and powers as may be necessary to exercise control over the earnings and other income of any young person (being a young person to whom this section applies) who is in the care or custody, or under the guardianship, of that person, and may for that purpose— (a) Open an account in the name of that young person in any bank: (b) Pay or arrange for the payment or crediting of the whole or any part of the earnings or other income of that young person into that account. (2) Any account opened under subsection (1) of this section shall be operated either— (a) By the young person; or (b) If the chief executive or, as the case requires, the Iwi Social Service or the Cultural Social Service or the Director of the Child and Family Support Service so directs, by the young person jointly with a person nominated by the chief executive or, as the case requires, that Social Service or that Director. (3) All money standing to the credit of a young person in any such account shall be paid to the young person when the young person is discharged from the care, custody, or guardianship of the chief executive or, as the case requires, of the Iwi Social Service or the Cultural Social Service or the Director of a Child and Family Support Service, and may be paid at any time before the young person is so discharged if the chief executive or, as the case requires, that Social Service or that Director thinks fit. Compare: 1974 No 72 s 50 Subsection (1) was amended, as from 8 January 1995, by section 46 Children, Young Persons, and Their Families Amendment Act 1994 (1994 No 121) by substituting “ Iwi Social Service or a Cultural Social Service ” for “ Iwi Authority of a Cultural Authority ” . Subsection (2)(b) was substituted, as from 8 January 1995, by section 46 Children, Young Persons, and Their Families Amendment Act 1994 (1994 No 121). Subsection (3) was amended, as from 8 January 1995, by section 46 Children, Young Persons, and Their Families Amendment Act 1994 (1994 No 121) by substituting “ Iwi Social Service or the Cultural Social Service ” for “ Iwi Authority or the Cultural Authority ” , and by substituting “ that Social Service ” for “ that Authority ” Subsections (1) to (3) were amended, as from 1 October 1999, by section 13 Department of Child, Youth and Family Services Act 1999 (1999 No 82) by substituting “ chief executive ” for “ Director-General ” .