(1)There is to be a form of diligence over money owned by a debtor to be known as money attachment.
(2)Money attachment is competent to enforce payment of a debt but only if—
(a)the debt is constituted by a decree or document of debt;
(b)the debtor has been charged to pay the debt;
(c)the period for payment specified in the charge has expired without payment being made; and
(d)where the debtor is an individual, the creditor has, no earlier than 12 weeks before executing the money attachment, provided the debtor with a debt advice and information package.
(3)Money attachment is not competent in relation to money—
(a)kept within a dwellinghouse; or
(b)in relation to which arrestment is competent.