Regulation 8 Payments to minors under sixteen years of ageI1

Where a bond is held by a minor under the age of sixteen years, no payment may be made to the minor in relation to the bond.

A payment of the amount repayable, or any other amount payable, in relation to a bond held by a minor under the age of sixteen years F1must be made to, and on the application of, a person who the Director of Savings is satisfied is a proper person to receive payment.